Shake Shak: Expecting Too Much
Shake Shack finally cools off after an incredible surge in the stock price. The fabulous burger-joint has a valuation multiple only matched by fast-growing tech stocks that produce revenues gains of over 100%. Investors must not get caught up in the excitement of the Shake Shack concept and focus on the absurd valuation compared to other top fast-casual restaurant concepts. After a massive month-long run, Shake Shack (NYSE: SHAK ) finally took a step back. The fabulous burger joint has an enviable customer base and strong growth prospects, but the recent rally appears more fluff than reality. The stock started April below $50 and surged above $95 last week. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details.