Burgerfi - V Recovery - Give or Take 2 Weeks
I think we see a sharp V recovery sometime in the next 2 weeks for BFI.
- Q1 '21 results should be coming out shortly (sometime this month) and I expect YoY growth and positive overall numbers
- Shake Shack's recent report showed that sales in southeastern restaurants were up 2% YoY, whereas the stores in the rest of the country were down -8% or more. The key here is that half of BBFI stores operate in FL
- Management continues to add high level positions (CTO added today)
- Growth story should remain intact for 2021 during Q1 report (and I expect BBFI will get close to opening the 30 projected stores by year end- originally stated as 17 corporate stores, which essentially doubles the valuation)
- SPAC's are largely oversold right now and on the chart, BBFI is now the most oversold it's been since it's SPAC debut
Good luck out there and stay well
- C
- Q1 '21 results should be coming out shortly (sometime this month) and I expect YoY growth and positive overall numbers
- Shake Shack's recent report showed that sales in southeastern restaurants were up 2% YoY, whereas the stores in the rest of the country were down -8% or more. The key here is that half of BBFI stores operate in FL
- Management continues to add high level positions (CTO added today)
- Growth story should remain intact for 2021 during Q1 report (and I expect BBFI will get close to opening the 30 projected stores by year end- originally stated as 17 corporate stores, which essentially doubles the valuation)
- SPAC's are largely oversold right now and on the chart, BBFI is now the most oversold it's been since it's SPAC debut
Good luck out there and stay well
- C
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.