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Link to Report: SHAK: NYC Is Not The Center Of The Universe

  • We are adding SHAK to the Hedgeye Best Ideas list as a SHORT.
  • The market is valuing SHAK at $27 million per system-wide store versus the average store generating approximately $3.5 million in revenues.  This compares to CMG, which trades at $11.2 million per store.  If SHAK can execute at a CMG level and grow into that valuation, it would trade at around $20 per share.
  • Clink the link below to read more about our SHORT thesis.