SHAK closed up 0.89 percent on Tuesday, 5/8/2015, on approximately normal volume. Due to the stock's strong uptrend, its overbought condition may remain that way and should be discounted. SHAK continues to rally and is now up 50% in a week. The company will have to report blow out earnings to support this valuation but it looks like another is forming. what is your perception about this stock?
Previous SHAK thread: http://www.elitetrader.com/et/index.php?threads/shake-shack-worth-over-1-000-000-000.289351/ SHAK Investor Relations: http://investor.shakeshack.com/investors-overview/overview/default.aspx Q2 results to be released after the close on Monday 10 August 2015 http://investor.shakeshack.com/inve...ancial-Results-on-August-10-2015/default.aspx .
Or not... SHAK 68.90 -1.69 -2.4%... Btw there's a thoughtful, up to date SHAK thread already on the board.
in IB, The fee rate for shorting SHAK in IB is 245.14%. That means that if you short 100 shares at $60, you have to pay 245.14 x $6000=$14708 as fee in a year. That is $14708/365=$40 a day.That means that if you keep for a year and cover it at $50, The fee rate will swallow your account although you have covered the shares with $10 profit per share. On the other hand the rebate rate is 245%. Which (I believe) means if you buy it at $60 and sell it at $60 after a year, you have made $14700 although the stock has not moved. These numbers for INTC are -0.31% and 0.25% !!!!
$SHAK dropped back below $70 on Wednesday. The company will have to report blow out earnings to support this valuation but it looks like another bubble is forming
S-1 lodged on 20 July to sell 4 million shares. http://www.sec.gov/Archives/edgar/data/1620533/000162053315000012/shak-20150720_s1.htm Still waiting on the sale of those shares - maybe to occur from 11 August onwards, after results are released? SHAK SEC filings http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001620533 .
Q2 2015 financial results http://investor.shakeshack.com/inve...d-Quarter-2015-Financial-Results/default.aspx Starting to sell 4 million SHAK shares (plus a possible additional 600,000 shares) http://investor.shakeshack.com/inve...condary-Offering-of-Common-Stock/default.aspx .