The scenarios are quite interesting at current levels for CAKE. Im not sure about you guys but Awe-Some.Sto-ck.s has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
CHARTS INDICATE LOW HAS BEEN REACHED BUY AND WAIT AND THEN REWARDED!!!!!!!!!!!!!!!
CAKE, looks to be overvalued at this price This is so frustrating trying to find trade ideas. I've subscribed to some email newsletters which helps me with new stock ideas. awe.som_sto-cks is the one i like best.
I think the stock finally bottomed at $38.34
Hope is not a strategy. You have to explain how earnings will recover.
In early May, about 4 months ago, the stock was $68 -- a 42% drop. Institutional selling still drives it down. Trying to figure this. Do you have an answer?
anyone ever try out the-stock*dork ? I saw a post about them on the CAKE board and ever since I have been hooked. .
Hmm I might actually have me some cheesecake. This is not Chipotle nor is it Kroger. On the surface, the restaurant chain business, traded as a commodity, is being impacted by the PPS erosion of overvalued Chipotle and the pricing pressure at grocery stores. Expect a mean reversion as we move out of the Summer trading months.
NO DEBT. CASH $67 MILLION. COMPANY MAKES PLENTY OF CASH. GOOD DIV AND STOCK BUYBACK.
AFTER MORE THAN 3 YEARS OF YOY GROWTH, COMPANY REPORTED MRQ A SMALL DECREASE. GAVE GUIDANCE OF 1 to 2% DECREASE IN Q3. STILL CASH COW!
BIG DEAL. STOCK GETS PUNISHED TERRIBLE BECAUSE OF A COUPLE QUARTERS?? COMPANY MAKES A LOT OF MONEY, STILL
This restaurant has a good positive net income, pays a 3% div and plans to build more. It's not a troubled company. At some point the street has to realize the stock is dirt cheap
In mrq, the company buyback shares were purchased at $53.50. Not that it's been a lot cheaper, I suppose the company can retire a lot more for the treasury
Very little reactions on this board. It makes me wonder very little retail investors. Just in the last month, stock sheds 20%. Why the continued sell off?
Let me explain about this restaurant stock. (1) it's not in financial trouble. (2) building more restaurants, issues a decent dividend and last quarter stock buyback was for $53/share
And (3) the stock drops $10 or 20% (from about $50 a share 2 months ago to $40). 3 months ago, the stock was $60.
So yes. I did add yesterday and for $10 cheaper. What if the stock continues to slide? Answer: add more. But I won't until it drops to $30/share.
However, it's possible the fund managers will come back with this $10 drop in last 60 days. If not tomorrow, then next month.
BOTTOM LINE: ANYTIME THIS STOCK DROPS $10 IN SIXTY DAYS YOU BUY IT AND ASK QUESTIONS LATER.
THE COMPANY IS HERE TO STAY. PAYS THREE PERCENT DIVIDEND AND SHARE BUYBACK WAS $53 SHARE MRQ.
END OF STORY
Stock trades at 6 times earnings
If CAKE gets into the mid 30 area 34 35 I am going to "backup the truck" and load up the cheesecake!
joe where do you get 5 billion debt? its more like 25 million?
Management should launch a major buyback at these prices. Way oversold.
Analysts are unfairly blaming CAKE for attributing poor results to the weather. They do mention weather, but are not claiming that is the sole or even main problem. "Specifically, we have seen pockets of softness as we moved through the quarter, notably in the East and Midwest where we ALSO faced unfavorable weather that reduced patio usage.” Caps are mine.