5/28/24 - $cava - number go up, valuation irrelevant for now...5/28/24 - vrockstar - NYSE:CAVA - taking a look at google trends... clearly we've not hit peak cava so... the market has tended to love these stories in the last 6-12 mo where you can't even see the peak.
so valuation be secondary - even if it's 10x sales. NASDAQ:WING is closer to 20x, right? investing all profits (so no free cash) for cava... into growth?
it's a good concept, fresh, nice. it's not NYSE:CMG , but it occupies a different niche and does it well, i like the margins better than NYSE:SG too.
i'd be tempted to trade this long into the results, just bc of this momentum on the charts, fundamentals, etc. any miss gets bought, any beat/ positive fwd speech (this is impossible to deny/ miss on right? and it matters a lot)... sends this ripping to higher highs. reasonably shorted at 6 dtc as well. wouldn't play short in indices hitting ATH's either esp for marginal winner name in it's industry.
number go up.
