Long
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
BFI 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 expectBFI 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,BFI 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
BFI 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
BFI 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,
BFI is now the most oversold it's been since it's SPAC debutGood luck out there and stay well
- C
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