Shake Shack: Still Not Reasonably Priced After 50% Decline
- Shake Shack continues to sell off following the absurd valuations achieved shortly after the IPO.
- The stock still trades at expensive multiples compared to other high-valued stocks in the sector without offering the faster growth.
- Shake Shack doesn't yet offer a compelling valuation proposition, even after the nearly 50% decline from the peak.
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