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...
Based on these bullish indicators, we can expect CAKE to push towards the $45 mark by 3/20. This prediction is based upon the current trends, as well as current publicity on the topic.
$45 has been major support for years.
If it breaks this stock will drop fast in the coming months.
There could be a possible short term rise to the 200 DMA line.
Idea is based on monthly resistance area, weekly and daily pennant odds and also on 60 min triangle possibility what we can on the chart. It will be important to compare CAKE with market action after Monday open to see how strong/weak it is.
Price Action should go to $51-$53 per share by EOY, or yellow area on chart. Couple of insiders bought 25,300 shares on 11/6 & 11/8. Rumor of a possible private equity buyout similar to Panera, watch options market very closely.
Attention dividend hunters! The Cheesecake Factory Incorporated (NASDAQ:CAKE) will be distributing its dividend of $0.29 per share in...
