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4 Food Trucks = $100M IPO = Everyone's Gone Mad

http://seekingalpha.com/news/2276826-now-a-100m-grilled-cheese-ipo

"Grilled Cheese Truck trades with a $107.4M market cap off of 9-month revenue of $2.6M and assets of $1M."

http://seekingalpha.com/news/2276826-now-a-100m-grilled-cheese-ipo

Shake Shack now - about 20% from high.

Comments

  • The user and all related content has been deleted.
  • well, unlike so many countless teensy biotech companies (about which there cannot be enough for-cryin'-out-loud done about their stock prices, post-IPO), at least the new burger and fries crowd has some revenue and some net profit to demonstrate... which isn't sayin' much, albeit.....
  • The user and all related content has been deleted.
  • Maybe add a little Drano, paint thinner or something similar to the burger & fry grease for self-cleaning arteries? I'll have a chocolate shake with that burger & fries, thanks!
  • edited February 2015
    @Maurice @Old_Joe
    I have been such a good little boy, all winter long, but yesterday at the store I had to admit the truth of it--- in several aisles, my resolve was weakening. Thank goodness I didn't read what you guys just wrote before my errand run, or by today I would be a walking dietary disaster!;)
  • So each truck is valued at over $25million? Not likely. A freeway accident or a burnt transmission could kill this stock.

    The article touched on the assets vs liabilities of the company. No thanks.
  • Oh, John... you're so stodgy!
  • edited February 2015
    Yes, truly a vanishing breed, those First Principles kinda guys. I sometimes wonder if it would be a good idea to open a Living Investor Museum, so that young people could benefit from observing them in their natural habitat, and marvel at their resiliency... before they are no more.
  • Well, in John's case the Philippines is about as natural habitat as you can get! (Been there and done that.)
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