Yes, i can relate. I could not wait to try SHAK as I heard so many good things about it. Heck, i even wrote a very bullish article on thd IPO and its potential. But, finally, i had a chance to try the food in Miami. I couldnt have been more disapointed in the quality and high price for the very poor burgers Not to mention frozen fries that tasted like the high school cafeteria vending machine ( they really are just awful). My bet is the entire chain will shivel up and DIE eventually. PS. There is a chain here ( south fla) called Burgerfi that does have decent burgers. Another new one up North called Smash Burger that is also ok.
what about 'in and out' burgers. They seemed alright when I was over in LA. Over here in the UK we have gourmet burger kitchen which is good. There is a restaurant in London that sells kobe beef burgers which is fine. PS - spoos is in face rip mode today lol
Surf, you should have kept your bullish view, and not taste their burgers in order to stay "neutral". If I am long Yum (KFC), would I want to test their shi.ts ??? No, thanks. Pre market today for Shake: 79 dollars. READY TO GO HIGHER. Just forget your short and go long. Best traders are flexible : prove it ! Even Stanley Druckenmiller was dead long on the 19th October 1987 before reverse all his positions to be short at the end of the day! Veridic. CM
I tried In Out when I was in Reno driving to Tahoe-- Atticus, from this site, recommended it to me-- it was decent, but not great. surf PS so much for the face ripping spoos----
Stocks never go straight down--- this one isn't done pulling in money, it's hungry for capital , and will crush the bulls over time. My instincts have served me well so far in life and markets, and when they match our Price Drivers, it creates a compelling case for me. Regardless, good luck to you. Care to share some info about your market background? you come across as very knowledgeable-- I am impressed. surf
2105 spoos cash, the low is in, that's just the move off the open to throw people off. Did you see how the spoos dumped 13 point and SHAK didnt budge? Another warning sign there. I have been waiting for oil to shake of the weak longs, it's now started it's move and you know what that means for the spoos. I hope I am wrong for you as I rarely trade pure direction these days. GL
Thanks surf. I started 11 years ago as a US equities fund analyst (worked with companies like Legg Mason, Columbia Wanger...). I learned how long-term investors manage money. In 2007, I started to manage multi-assets funds. Hard times, but as a lot of people here, I survived. I understood that the game was not only about fundamentals but mainly psychology : I read dozens of books about behavioral finance, risk management and technical analysis. Today, I am comfortable with a mix of TA, psychology, instinct (experience?) and a bit of fundamentals (but valuable information is rare...). I manage around 600 MEUR for clients, and hope I would be my own boss in 5/10 years. That s why I am here: better understanding ideas, views, psychology, feelings of other traders, in order to improve anticipation and market reading. CM
good stuff. fwiw i manage a much smaller figure than you for clients but did the own boss thing earlier. start early compounding is wonderful.
I had a Shake Shack burger at JFK a few months ago when I was back east for work. It was decent but not great, but it also might have something to do with them screwing my order up. The line was over 20 people long, so you can't doubt the popularity for now at least. I prefer the burgers at In and Out better, but burger taste preferences seem to vary from person to person. I do think its ridiculous to claim that MCD has better burgers because that's just plain false. It seems like burgers are the new craze with new chains popping up all over the place. Most of the established places have a loyal following (In and Out, Umami, Fatburger, Five Guys, even Chic Fil A) but fandom seems very regional with each part of the country touting their burgers as the best. That might limit the growth potential for SHAK and other chains that want to go public. Once you overextend your reach, you might lose your regional cache. I remember what happened to Krispy Kreme once every city had multiple locations.