What drives the reaction to an earnings call is guidance, not revenue or profit. Some of you dummies may have found that out the hard way, condolences to those that did.
I'm not going to do that thing you see on Investors Hub, or that we started seeing here when GME popped off - inundating you with so much info that you skip it and think "gee this must be a good play." Sometimes the simplest answer is the correct one:
Black folk like Cheesecake Factory. White folk like Cheesecake Factory. Asian folk like Cheesecake factory. Hispanic folk like Cheesecake factory.
- Vaccines are rolling out.
- Lots of areas are going to be fully open by mid June.
- Cheesecake Factory is in a sweet spot cost-wise. Poor man's Ruth's Chris/Mortons and a Rich Man's McDonalds. Accessible to many, liked by all.
$CAKE sitting around $60 at the moment. 65C's with a late May expiry are goin for around $200.
Seems like a pretty decent speculative play. It should run up as the country opens and the guidance for Summer is usually the best of the four seasons. Great guidance on the earnings call (first week of May) can push this to 80 by July 4th easily.
My two cents, not investment advice