Cheesecake factory took a beating yesterday. The management blames the weather and there is a general downturn in restaurants. Is this the start of a downtrend?
"Qu'ils mangent de la brioche", "let them eat cake." Marie Antoinette "supposedly spoken by "a great princess" upon learning that the peasants had no bread"
Haven't looked at it in awhile. Go figure. I have been saying its a low $50's stock for the last 6 months when it was north of $60.
Vanz, in your mind, replace the word "shrubbery" in this vid with "cheesecake", and you will know why they are falling. (I like the laurels particularly).
Down here at $44 now.... hate to say it... but CAKE is a GREAT long play now. Even when I said they were overvalued north of $60, I always gave em credit. No debt, decent divy, well run, stock buyback in place.... this selloff is WAY overdone. Get a piece below $45.
CAKE is a play on global warming. As temperatures rise people eat outdoors, which helps CAKE's patio sales.