IB Net Payout Yields Model

Shake Shack: Insiders Continue To Confirm The Price Is Too Rich

  • Shake Shack files an updated S1 allowing pre-IPO shareholders to dump up to 26.1 million shares.
  • Even at the recent lows, the stock remains incredibly expensive.
  • Shake Shack faces too much selling pressure to recommend anybody it under this scenario of likely relentless insider sells.



Prior to the open on Thursday, Shake Shack (NYSE:SHAK) filed a S1 allowing pre-IPO insiders to dump up to 26.1 million shares. The filing allows insiders to sell the shares from time to time at what amounts to over $1.2 billion at current stock prices of $47.

Read the full article at Seeking Alpha.


Disclosure: No positions mentioned. Please review the disclaimer page for more details



Comments

Popular posts from this blog

Aurora Cannabis: Deal Or No Deal

C3.ai: Trough Quarter

C3.ai: Out Of Steam (Rating Downgrade)