User 362229

Cheesecake Factory: Why Piper Jaffray's Downgrade Was Baseless

This is a horrible article and makes no sense at all:

1) CAKE's Q4 reduction attributed to global economic meldown partially due to current president. Really? Last time I checked this inexperienced president wasnt in office in q4 and the economic meltdown started way before q4.

2) How can you be long on a stock that peaked almost 3 years ago and is down by 75%. Sounds like your the one pumping there.

3) Many other chains that have gone private like Outback, Carrabba's and LoneStar don't report sales however they are not doing as well as CAKE. Whats your data here or shall we accept your sweeping generalization as true?

4) Did you happen to check lease liabilities? Or shall we just ignore that little fact?

5) Give it some time and let the market settle down, then take an objective look at your investments. Good idea. Let everyone trade around you until your portfolio is worth 10 cents on the dollar then start thinking.

Disclosure: no position on CAKE, just on stupid analysis.