Cheesecake is an Opportunity

Tags: CAKE, Cheesecake Factory
22 Jun 12:17am
The disappointing conference call by CAKE's management on Wednesday evening, followed by revised estimates and downgrades by various analysts on Thursday is an opportunity for the taking. This overreaction knocked the stock down some 7%. If anything, the new cheaper price makes for a compelling take over target. Either that, or an activist investor could come in and shake-up Cheesecake Factory's management. I love dining at this restaurant and I have always encountered wait times. Great ambience, great food and lots of customers. I maintain my Buy recommendation on this one.

-- Faisal Laljee
Full Disclosure: I do not own CAKE but my position can change anytime without notice.

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flaljee

StocksandBlogs.com provides stock tips, equity research and markets commentary. This blog gives you money making investment ideas that can be applied to your financial portfolio, whether you are a long-term investor or looking for a quick trade. From Wall Street to Walmart, Investing to Intel and Commodities to Coffee, you will find it all here. My name is Faisal Laljee and you can email me anytime. To check how my stock picks have panned out, check out my performance using Performance Tracker. Disclaimer: The stock picks and trades listed on this blog are for educational purpose only. You should do your own research before making a trade. This blog, its affiliates, partners or authors are not responsible or liable for any losses you might sustain from the opinions stated.