Overvalued IPOs Return in 2023

[@wallstreetmillennial]

Limited time: get 5 free stocks when you sign up to moomoo and deposit $100 and 15 free stocks when you deposit $1,000. Use link j.moomoo.com/00iPZo

[@runnerguy7564]

Knew sweet green ipo was b.s. when the ceo called it a “tech company”

[@Nswix]

Yeah. It was like when WeWork was valued as a tech company and everyone went "huh?"

[@FYPNLP]

Can I have some 'A.I' with my sweetcorn salad. 😂😂😂😂😂😂😂😂😂😂😂

[@CHMichael]

Lol - can't do a pump if your not a tech company..... preferably "for the children " People like to think they like salads ....if it comes with a burrito

[@hungcapitalll]

No way he said that

[@nsb9999]

Lol Salad Technology

[@louieuy7607]

I used to work in hospitality I would often be told the first 2 years are always losses. We grew aggressively. 2 years later we ended up closing all the stores

[@OriginBullet]

Technically correct.

[@darkinetix]

Which brand?

[@GodotOfficial]

Any company that calls itself a tech company despite not being a tech company in any way is a red flag

[@z.e.r.n.i]

Like Tesla?

[@deedeedeex]

perfect example is WeWork

[@Sweenus987]

@@z.e.r.n.i Given that they aren't just an automotive company I think it's reasonable to consider them a tech company

[@trent6319]

@@Sweenus987 88% of its revenue is from automotive sales. Its mostly a car company

[@tomlxyz]

​@@GeoMeridiumthe whole reason why tech gets so hyped is because it is scales so easily. You can make a few performance improvements and add more servers and quickly serve more customers with little cost. Meanwhile Tesla has to produce one car for each customer and any bigger change in the car means a very expensive change in the factory is required. You can see the problem given how long Tesla struggled financially, only overcoming it by getting hyped so much that they swim in money, not by being profitable but by getting hyped

[@jont2576]

Businesses nowadays are no longer businesses,they are financial engineered entities.... They are not based on what traditional concepts of what a business might be, their only metrics today is how successful the company appears to be and pure imagination

[@MaxPower-11]

Well, at least Cava doesn’t have as much competition as Sweetgreen does. There are so many salad restaurants that operate using the same model as Sweetgreen, both national as well as regional chains. When it comes to Mediterranean style food there are a lot fewer competitors. Although I personally really like Cava’s food, I freely admit that their financial valuation is nonsensical.

[@briannewman6216]

This happens when there is too much currency sloshing around in the financial system. Tighter credit and higher interest rates will be required before this comes to an end.

[@samsonsoturian6013]

The Fed is saying where they have it right now is about right to bring inflation down. No idea when it will return to "normal."

[@sourcecode5273]

yes, agree.

[@LukeTheTrader]

No

[@Tie509]

5B valuation for a salad restaurant. LMAO. Dear Lord.

[@salkryeful]

It's the "next" whatever! That should be a red flag to consider before buying into a company for retail investors.

[@fav843]

It would be right to call them the next (enter failed company here) though!

[@franciscodanconia4324]

Used to be, if you were the investment bank handling the IPO and the stock price doubled on IPO day, that means you did a terrible job pricing the new issues. Now it’s just a way for the well connected to make a quick 50-100% profit while depriving the IPO company of capital.

[@olandir]

This! Wall Street Investors aren't being "duped" they know exactly what they are doing. They're making a quick buck on these overblown IPOs and getting out before it starts to tank because they know it's all smoke and mirrors.

[@HoneyLove77]

Chipotle priced me out! I don't even bother as I used to get everything I like, burrito, chips and dip for under $10 bucks and now I'll be lucky not to reach $20! It's ridiculous!! Especially when you can't keep the leftovers for long!! Smh!!!

[@JoeSmith-kn5wo]

I have never heard of Cava or Sweet Greens. I use to live in TX but live in the Midwest now, and have never heard of these restaurants.

[@tonycrabtree3416]

These aren’t in Texas.

[@tonycrabtree3416]

@@Seige-dg Really? Where?

[@tonycrabtree3416]

@@Seige-dg Man, there are a lot, but no one I know talks about them. Must be garbage.

[@hightowerhomestead9046]

Even worse, kava bought up and then destroyed Zoe's Kitchen, closing basically all their locations or changing them to Cava locations without keeping any of the good menu items.

[@sparrowsouthwell1646]

Or just closing it altigether

[@ehfoiwehfowjedioheoih4829]

Thanks for reminding me about this No I’m mad

[@MegaBoolaBoola]

I feel the same way about Kura Sushi (KRUS). Love the food. But a $1 billion market cap for a loss-making restaurant chain? Whoa. I guess it's better than a $4 billion market cap for CAVA. I will happily eat at both, whilst short thine equity.

[@meannleanmarine]

Dude every time I go to Kura Sushi it is a 30-60 min wait. I didn’t know they IPOed, thanks for letting me know. Going to buy as many shares as I can afford Monday morning. Americans are obsessed with sushi.

[@MegaBoolaBoola]

@@meannleanmarine I love the restaurant. I just don't like the valuation.

[@ktktktktktktkt]

I just Googled Sweetgreen's menu prices and they seem really low. Traditional fast food restaurants charge more for their (I'm guessing) worse salads. Am I missing something or could they raise their prices 50-100% and still be competitive?

[@shonevans2563]

Thats how you kill your competition Then once you got the custies use to the product to where they cant live without it you jack up the price who knows maybe they will stay that way I do know just salad use to be top dogs then sweet green took over

[@bosorot]

Not true for the price. Sweetgreen's cheapest to highest is 10.25 -15.23 $. Chick-fil-A- is 7.2-8.2 $. Almost double in price. If You increase 50-100 % . that would be 15-30$ for salad , no one will buy it .

[@shonevans2563]

@@bosorot they may be trying to do a uber move and sacrifice making a profit to kill the competition if they see future profits down the line . Sweet green to has come along way Not sure what the game plan is but chopt and just salad use to be the busy spots with locations everywhere like starbucks . Both have downsized while sweet green has taken over in that arena but thats just my observation in one big city overall all may not be well

[@nemeanlioness]

Do people like salads that much? I think not.

[@grunchlk]

​@@nemeanlionessjust add bacon 🤤

[@drd4059]

The moral missed is that the individual stores are profitable and the corporate overhead pulls them down. The chains are just make-work projects for the insiders who pay themselves with investor's money making it their own. Investors would be better off investing in a single store and keeping the overhead for themselves ie cut out the Wall St. middleman.

[@samsonsoturian6013]

Correction: Wallstreet wasn't necessarily fooled, but those companies were priced according to the return on T-bills plus a suitable risk premium. When T-bills were returning near zero, these growth companies were valued at or near their projected fair value decades in the future. That's why everything growth got slaughtered in 2022.

[@samsonsoturian6013]

@@TimeToGetIntense Except there are arbitrage relationships between T-bills and EVERYTHING ELSE. Banks lend to each other at the rate of T-bills plus a little extra. Banks lend to people/companies at a rate of the return of T-bills plus extra to cover default risk. Equity funding, however, has an expected return of debt plus some extra to cover the risk of the venture (more risky your business the less they value your company). If any of these are out of whack from each other, people will simply borrow at one rate and lend at another and make a risk free profit.

[@egal1780]

Though the expected Market Premium is still very Important, and Money loosing companies Seem riskier to me than profitable companies. So I feel Like the Discount Rates were still too Low, and Investors Often Times trusted companies that would never be profitable.

[@samsonsoturian6013]

@@TimeToGetIntense I'm not overthinking interest rates, I'm simplifying the whole market. That is, assuming all else is equal, the return of a stock is the return of a T-bill plus a suitable risk premium. Does that not sound fair from a simple economics perspective?

[@samsonsoturian6013]

@@egal1780 IDK, the volatility and often absurd valuations come down to expected future value. The companies in the video were pitched as "the next Chipotle" and by all accounts that COULD be true but it is difficult to assess the chances of that being true. The insane part is that all these different growth companies can't all become the next big thing, so the average return is actually pretty low... In fact, the average return should add up to the return of T-bills plus a risk premium.

[@egal1780]

@@samsonsoturian6013 and that's what I mean, the expected risk Premium is lower than the Market, First because of the profitability and value Premium and second this high valuation I already mentioned means that even If the expectations actually Turned Out to be true, the Returns generated as a consequence would still be Low.

[@uther10]

I saw the cava price spike and was confused on why the huge run up.

[@Darko-hh8ob]

Great video, fair analysis. I love Chipotle and I tried Cava before and it was a superior offering/taste/experience overall. Id love to see more Cavas open. Stocks probably overbought on the IPO hype but I think fundamentally a better product than "sweetgreen" which you compared it to.

[@Proud_Troll]

Good point. He even pointed out that Cava is already doing way better than sweetgreen ever did.

[@kaymish6178]

Yeah we see this unit production thing in shale oil. The drillers drill their prime wells first so every season after production per well falls and falls. It makes shale oil even more expensive, so theres going to be a huge drop in production as the prime wells are exhausted.

[@Pharoh_95]

Americans will forever love their Italian, Mexican, and asian food. Not sure if the general public will consistently eat greek food 🤷

[@ResilientFighter]

extremely spot on. Very well made video.

[@alwin2588]

Because the rates is still low and inflation hasn't reached 2% yet, so need more hike in rates

[@kondor99999]

It’s pretty simple. Mexican is just one of those foods that you can eat every day. It’s like breakfast food.

[@Iceman_S1K]

Your quality has gone through the roof since 2020! Keep up the amazing pace and consistency you guys are rockstars🚀

[@meannleanmarine]

Btw Noodles and Co isn’t struggling because it’s exotic. It’s struggling because it’s food is disgusting.

[@aaron6806]

This was the video that finally got me to hit that subscribe button. Very sober peek inside these companies.

[@Proud_Troll]

Same

[@deeharp]

Cava, I dont know if you know this, There is a Gyro Spot in just about every area. There is nothing new about Greek food. The Areas that don't have a good greek food restaurant don't want them. One opportunity i could see is if you made higher quality food due to most restaurants getting there food from a large food distributor, making all the restaurants taste the same. But you don't seem like that company when your target audience is people that think the more something cost the better it takes and will just eat at better restaurants.

[@pazuzuxx]

I'll be heavily shorting cava. Thank you

[@religionlol7323]

How is your short going? Lol

[@pazuzuxx]

@@religionlol7323 down 👎 well over -$250,000 and.counting. This is around 95% of my total net worth lost. Don't worry I shall delete myself to eliminate the agony caused by this short.. This is the equivalent to losing $10 million dollars in my country of India

[@pazuzuxx]

@@religionlol7323 All is lost

[@luisnin3780]

Yeah, how is the short going…l

[@Dantecrypto2]

The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference!!!!!

[@christopherdench1422]

I have been making a lot profit through forex trading which has been the main source of my income

[@oscarorellna867]

@@christopherdench1422 I’m interested I want to move to forex can you help me trade?

[@christopherdench1422]

@@oscarorellna867someone handles my trades

[@christopherdench1422]

@HamanJack frank kafeman handles my investment portfolio, he's an good when it comes to trading forex.

[@christopherdench1422]

He made over $12k with my $2k start up capital

[@egal1780]

We should know that by now: wallstreet doesn't learn. They never learn, they indtead repeat the same mistakes again and again, just like the financial crisis and bubbles are nothing new to Wallstreet

[@hindsightcapital2021]

Another Great Wall st millennial video

[@pcop2804]

IPO’s are historically terrible investments for their first 10 years. There are many pdf reports about this on google, inexperienced investors should always steer clear.

[@BlueBockser]

That intro was gold

[@simply_al7017]

what is the google stocks overlay that shows company reports and news?

[@wallstreetmillennial]

it's google finance, should appear for any stock you look up: www.google.com/finance/?hl=en

[@TheManinBlack9054]

cava stock is up

[@Gice-Music]

5 x'ed since this vid lol

[@GoatMeal365]

Great video WSM! By the way, hope you heal from your cold. I can hear it Lol

[@jayliu645]

Unit economic is a good point.

[@samsonsoturian6013]

A major flaw in the business models of these new restaurants is they assume Americans will like the new exotic foods they're selling. In the real world, Americans are naturally more inclined to Mexican food than Greek food.

[@fredm.2699]

It’s true even though I’ve moved from most American foods to Greek type food

[@justicedemocrat9357]

Greek food taste way better than mexican food.

[@Pharoh_95]

​@@justicedemocrat9357🧢

[@rook1196]

At least the name Chipolte, customers know they are getting faux Mexican. I never saw anyone ever walk into a Cava. No one even knows what Cava even sells. It sounds like a furniture store.

[@samsonsoturian6013]

@@rook1196 We LIKE fake Mexican around here.

[@derek04151]

I like the analogies you use. Your presentations are very intelligent and very explanatory. I have a hard time disagreeing with most things you say, you're very sensible. 😊👌

[@blottolotto7648]

Bubbles are good. easy money, just dont be greedy

[@sk.n.9302]

Much appreciate all the info.

[@JCMckenna]

Can you go over Shake Shack =)

[@dylant22]

CAVA > Sweetgreen. Not even a competition.

[@bobhope707]

Dude Cava is fucking delicious. Thats the one thing that this guy’s analysis is missing.

[@carboy101]

Greek food isn't popular like that

[@CommanderRiker0]

Or you could just invest in a company that makes money.

[@win0044]

I just went to cava today :D

[@RandyJamminMusic]

Live in DMV. Will say Cava is incredible. Better than Chipotle.

[@vishwaray3047]

Please make a video on Sorry state of LSE. and massive losses returned by the Oxford biomedica, i(x) Net Zero ipos.

[@LuisGonzalez-cq1nq]

You on the money with cava… people are going to get crush!

[@cmac7384]

CAVA food is sooo good.😊

[@patrickroers752]

I would never invest in restaurants. Unless it was a single location or in a franchise. Not suitable for corporatization. Profits should go to staff and local management. Only real value is in the people and real estate.

[@samsonsoturian6013]

But that's the thing: They're relatively cheap to set up and generate continuous cash, which is why most brands simply sell the license to their brands to whomever wants to open a store. Cheap restaurants are pretty safe as long as you're selling what people want because in hard times the middle class stops eating at restaurants while richer people simply eat at cheaper restaraunts.

[@patrickroers752]

@@samsonsoturian6013 right. Yeah I think if you have a good manager and staff. Any restaurant can be successful. All that corporate nonsense is a waste. With the exception of franchise models. But that still comes down to finding the right talent locally

[@joezawinulreviewsandreacti2509]

What about DPZ and CMG !?

[@patrickroers752]

@@joezawinulreviewsandreacti2509 I think cmg is meme stonk level over valued. I'd love to own a Papa John's franchise. There is not one in my area and I think it would do good.

[@samsonsoturian6013]

@Patrick Roers yes, the base store heavily favors decentralization, but marketing, recipe experiments, and supply distribution all heavily favor centralization. Hence the franchize model

[@spoonikle]

I loved sweet-green so much - I meal prepped my own salads and stopped visiting 😂

[@DataJuggler]

I have a seen a few salad restaurants pop up lately. I don't like Chipotle, but unlike Sweet Green and Cava, I do eat Mexican food.

[@jantschierschky3461]

If you do it right, your overhead reduces substantially per restaurant if grown from 100 to 200. Administration, etc, is the same. You increase your buying power and get rebates on logistics. So I would say they are either incompetent or syphoning money. To me, betting on companies that are not established and have solid profits is gambling. Take some risk, but I would never on restaurants or services providers. Yes you can get lucky, same in a casino, long run.... nope.

[@justicedemocrat9357]

What are you babbling about? Administration increases as you increase the stores, idiot.

[@fanban2926]

They don't have to be established imo, but profitable at least is a requirement.

[@jantschierschky3461]

@musoniousrufus well do your homework.

[@djayjp]

Chipotle food is not cheap. It serves overpriced food--$14 burrito before tax!! That burrito costs probably $2 to make. It tastes good though.

[@fastfredi]

Taste mid

[@TaoDeChing-ls5gz]

Exactly Mexican food in general can only be at the level of food truck prices. How much are ppl willing to pay for a cuisine so simple to make at home?

[@Seth9809]

Thats not what their expenses report or manages or employees say. Also, how do you leave a location without 4 dollars of steak, minimum in your burrito?

[@Seth9809]

@@TaoDeChing-ls5gz You mean a cuisine so complicated that you can take a whole 300 level course on it and have no idea what it is still. Italian food is way simpler, for one people actually agree what it even is and it doesn't require steak.

[@Pharoh_95]

​@TaoDeChing-ls5gz you do realize mexican food cuisine is more extensive than just tacos and burritos right? 😅

[@masterxeon1001]

I gotta invest in these places. By eating there. Not by investing. That food would need to hit hard. But chipotle is so infuriating. Burritos be a gamble.

[@sourcecode5273]

I like Raising Canes. Wish I could buy in. Sadly NO ONE can buy in. Sucks to be me! LMAO!

[@derek04151]

Cater to the largest number of people, especially on the lower end of the income scale, and give them something different from: burgers and fries, fried chicken, crappy pizza, subs, chinese food, italian, mexican, etc. There's so many good alternatives and options that have not been explored. You know what would be really great ? A chain restaurant that constantly changes some menu items so there's always something new to try when you're tired of same old, same old. You could still go to the restaurant you like but you know you'll have interesting and new things to choose from if you want something different. This would also be a good way to market test menu items, and identify popular items to permanently add to the menu.

[@woodrowwant6216]

Not wall street but the common trader

[@samsonsoturian6013]

You have to sell to the big banks in order to get listed.

[@dosmastrify]

And anybody who's eating at sweetgreen knew the sweetgreen wasn't long for that Sky High valuation never seen a more chaotic and disorganized lot as the people working in one of those places

[@djayjp]

The expression isn't that you are unable to get fooled twice, rather it's: "Fool me once, shame on you; fool me twice, shame on me."

[@reprovedcandy]

that was the joke dude

[@reprovedcandy]

@@Nswix im pretty sure it was a joke cause he said "its a famous saying in texas" which george bush very, very famously said wrong

[@UCXEO5L8xnaMJhtUsuNXhlmQ]

Yes, because George W Bush famously misquoted it as the "fool me twice, you can't get fooled again" in the video

[@kendalson7100]

When speaking of Chipotle:"The company has been a massive success." I recall them successfully giving tens of thousands of people severe food poisoning.

[@cinemaipswich4636]

This time the Balloon will be A.I. Everyone and his dog will be selling their latest gizmo or software.

[@Proud_Troll]

I don't know bro, AI might actually change humanity in some insanely unpredictable and potentially disastrous ways. AI is RAPIDLY getting better, and I think this is exponential. If AI gets good enough then they might be able to reinvent humanity by themselves. They might make themselves smarter and solve cancer in 3 minutes. The wheel, the press, the industrial revolution, electricity, the internet, smart phones... I think AI is orders of magnitude more significant.

[@isbestlizard]

Why are companies that are unprofitable, having IPOs? I thought exchange listing requirements needed profit or you'd be delisted? o.o

[@samsonsoturian6013]

In China, yeah. Everywhere else, you simply have to not be breaking any laws that we know of (especially accounting rules).

[@CommanderRiker0]

That used to be the standard, you know when people where not regarded.

[@Seth9809]

Then Apple wouldn't have been listed till like 15 years later.

[@CommanderRiker0]

@@Seth9809 What are you talking about? Apple was profitable at its IPO . The company was started in a garage making them one by one. The company did borrow to expand but I think you are confusing two different terms. Apple has been profitable since its inception.

[@barnabaschimezie1775]

Sweet green was just practicing business

[@likemysnopp]

I can make a cava boule at most of the food stores where I live.. for 1/3 of the price tbh. I dont see why this would be some chipotle. chipotle got something unique which many of these doesnt.. you could argue subway might be similar but its not mexican grill food so still not as nice imo, cuz I love mexican grill stuff.

[@kattlemenscatering]

I really enjoy cava but I do see limited space….

[@justicedemocrat9357]

$1.2 million in depreciation and administration expenses per store is insanely high do they own the building and is it made of cardboard why the hell are they depreciating so much?

[@tonycrabtree3416]

When the Pappas don’t have many greek restaurants, you should know greek food doesn’t translate to chain profitability. I do miss Yia Yia Mary’s cretin pot.

[@GerbenWulff]

I don't see how Italian food somehow isn't considered Mediterranean food.

[@bissycoon]

I had never heard of cava but I looked it up after this video and found a local one so ima try it today

[@bissycoon]

Update it was quite good I’ll be back

[@TiberianFiend]

I had never even heard of Noodles & Co. before this very video.

[@ldg1414]

There's a lot of people out there interested in buying dreams, guess that just means more profitable stock left on the table for me.

[@VinceroAlpha]

I don’t think it’s the fact that wall street has a short term memory problem. It’s the fact that everybody is in on the grift, which if you go along with it, you can make a ton of money as well and the people left holding the bag all the employees at the field, company, the retail investors or beginner investors or the people who can’t see the grift for what it is because this happens too frequently and efficiently to just be a coincidence.

[@AF-oe2lw]

Wow we work all over again

[@Patrickpettibone-lo2rp]

I miss healthier buffets, now all we can do is go to the local grocery store buffet.

[@screenwriterjohn]

Greek food isn't as popular as Mexican.

[@OPreston]

now say why i should short nvda

[@l0os176]

It will fail once people get sick of oil and lemon juice

[@singular9]

People who think that same humans actually buy the stocks are crazy. It's actually happening. Here is a bunch of whales by the stock. The moment it opens at IPO dump it the moment it hits its peak and then immediately reinvest that money into shorting it because they know it's going to go down. Easy peasy win both sides.

[@anthonypareigis6188]

People forget that McDonald's started Chipotle, it failed miserably for years proped up by mcnugget sales.

[@BlackJesus8463]

The Street buys because people are buying. There's no other reason for price to move as much as it does.

[@Strykenine]

Interest rates rise, squeezing marginal ideas out of the marketplace. A place like Sweetgreens, while *fine* from an idea perspective, will tank if it can't make the rate on return that capital demands at new rates. If the market can't support the cost of capital (which is going to go up because of lost China labor pool (also acceptable)) then the place will fail. I don't have anything aginst SG - it's a tough new world out there though, and investors had better get that in their heads right the hell now.

[@JoeRogansGutBiome]

I meanxlets bechinest the underwriters aka banks love high IPOs so they makecmoney. Shor sellers love them because they can rugpull when they havexinsider info to whort the stock. Also the actual investors and hedgefubds that invest in these ipos know when they will fail will bet against these stocks and make money on them. Its all giant insider trading scheme anyways thats legal.

[@davidpachecogarcia]

Chipotle is overpriced mid food. Cava is slightly better but it’s also mid. Once they start raising prices I’m out.

[@magfal]

Are back? Tesla's been a bubble for years.

[@trevenflynn4780]

met a cava manager and they told me their stores all got robbed in my city 😭

[@chaslyy]

But Cava doesn’t take cash…

[@Proud_Troll]

Bruh

[@Derekzparty]

Hear me out. It may be possible that on average Greek food isn't as popular as Mexican food in the US. Making the Chipotle extrapolations meaningless.

[@MoreFormosa]

Piada = ITALIAN Version of Chipotle Cava = GREEK version of Chipotle

CAVA has better food than Chipotle.

[@MrMadvillan]

doesn’t “cooked” food require more technology than a salad.

[@PainandSorrow]

It's not worth the birthing pangs of a new restaurant brand. If I'm investing in something in the restaurant sector, it will be Mickey D's on their next dip.

[@TitusAzzurro]

I like restaurants who are just that. Hold the bags guys haha

[@crypto_que]

CAVA is DELICIOUS! I really like it also I had it in Virginia. The restaurant was kinda empty both times we ate there. The portions are huge and you can really stuff yourself & have food to take home. Also they offer a customized vegan experience but also sell animal based protein. If you like Greek food you have to try CAVA, it’s not a traditional Greek Restaurant or Diner experience but the food is delicious.

[@crypto_que]

If CAVA can compete in Virginia in won’t suffer Salad Syndrome and might be able to survive further South in Texas, Florida or Louisiana. IDK CAVA might be a huge gamble but as far as taste quality & experience I think it’s on par with Chipotle.

[@codelessunlimited7701]

Selling salad, renting out space, bloodbank, etc and call it startup tech company then go public then quickly run, far away and never return with the hard cash.

[@scottkirby5016]

In a world of WeWork, Carvana, and Yellow the issues with CAVA seem adorable. Sure it is overvalued, and first day engineered pops are a moronic blight that points to an inefficient market of IPO pricing (the company obviously is leaving massive amounts of $$ on the table if the market can support the higher price and raising that $$ is the theoretical point of an IPO). Hell CAVA actually seems like a fairly good $1-2BB business. The stock market may be doing stupid things but that isn't CAVA's fault and nor can I fault them for trying to take advantage of Wall St's irrational exuberance.

[@Contentisdata]

CAVA Stock Price 11/2024: $145/share. 🤷🏽‍♂️

[@dannyshaw4433]

just dont pay HQ

[@jaiminkhakhria1152]

My company did the IPO and have deeply looked into their books and have a PT right near the current price

[@VinegarMoneyGrows]

People who think tossing salads is a good business idea and their money are soon parted.

[@kenrose2523]

Low quality salads on top of that..

[@tonycrabtree3416]

Ensalata is doing fine.

[@punchtalestudio]

Who cares about profitability ? Schmuck investors. The happy few have already their exit strategy all set the day of the IPO