The cheesecake factory near me is busy. They seem to like setting up shop in high traffic areas of
upper income shoppers.
I'm also a shareholder of Texas Roadhouse. The roadhouse near me set up shop next to a Chinese
all you can eat buffet that was never busy. Now the Chinese Buffet is busy because of the long lines
waiting to get in to the roadhouse. Earnings release is in early August, symbol TXRH.
CAKE is everything you want in a retail growth company....increases the dividend, buys back shares, and
plows some of its profits into expanding its business. The trick is knowing when to sell. The sell signal will
be once the company stops growing, and that may be some time down the road.
Another similar company I own is TXRH. The roadhouse is still growing. Earnings release early August.
Wait for the earnings report. My guess is guidance will be good. New restaurants opening, maybe they will
buy back shares. Growth company stocks can be volatile. My Roadhouse always has a waiting line on
weekends. People have more money in their pockets. Lets go out to eat!