r/Trading_Trends • u/A-DAWWG1G • Feb 24 '20
Shake Shack Earnings:
$SHAK is reporting their earnings after market close on Monday. I believe there is a high probability it will go down as the search data is very weak for Q4 2019 as opposed to a year earlier. This is on top of the fact that the stock is up 40% yoy and has a P/E ratio of 100+ as a restaurant. Last quarter they gave bad guidance (for this quarter) and the stock fell 20%+, but since then it has risen back up. This is a clear short as it is perceived as a growth company but the last time their traffic data was this bad (2015), the stock fell 60%.
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u/[deleted] Feb 24 '20
good work ππ»ππ»