Will the Economy Take a Bite Out of Cheesecake Factory? [View article]
All good points. However, it appears that the author seems to forget that CAKE's customers tend to be much less price sensitive than the average restaurant client. An extra couple of bucks for gas is not going to deter them, nor are small increases in menu prices. In addition, eating at CAKE is an event in itself and is a destination for celebrating special days. This is one of those stocks that will bounce back rapidly when food costs and the economy improve. Disclosure: I own shares of CAKE.
Will the Economy Take a Bite Out of Cheesecake Factory? [View article]