1/7/25 - $cmg - Top of mind, but too expensive >$50

1/7/25 :: VROCKSTAR :: CMG
Top of mind, but too expensive >$50

- quick one here
- amazing product
- comps/ industry of QSR/FSR (i'm looking at you WING, SG, CAVA) are horribly overpriced. you think they're making quantum computers and beaming space lasers into ai-powered robots to eliminate labor costs
- but pt is, CMG is best of class, even if they've lost their CEO to SBUX
- 2% fcf is probably "fairly valued" unless you've got some mega portfolio and need liquidity etc. etc. to buy names
- over 40x PE and you can't stomach owning (i get it i get it different industry) TSM for sub 20x PE and growing nearly 2x as fast with 2.5x the ebitda mgns.
- pt is... i'd like to own it, the other stuff is just a pass, or i always short on pops (thanks SG as of today lol!, will always look to reload on CAVA and SG on pops)

... so note to self, that restaurants r probably just too expensive to 1H25 to even care on watchlist. trigger wb $50.

V