No one knows when things will return to normal. The best we can do is just try to identify good companies to buy at a discount. CAKE Is one of those companies. CAKE has a low PEG ratio of 0.72 and trades at just 5.4x last year's earnings, 0.27x last year's sales, and 8x last year's FCF. The stock is 69% off its 52 week high and has found strong support off trendline support at $14.50 a share.
The Cheesecake Factory Incorporated engages in the operation of restaurants. As of February 26, 2020, it owned and operated 294 restaurants in the United States and Canada under the brands of The Cheesecake Factory and North Italia; and a collection of Fox Restaurant Concepts, as well as 26 The Cheesecake Factory restaurants operated under licensing agreements internationally. The company also operated two bakery facilities that produce cheesecakes and other baked products for international licensees, third-party bakery customers, retailers, and distributors. The company was founded in 1972 and is based in Calabasas, California.
As always, trade with caution and good luck to all!