Cava Not Caving

By Tim Knight of Slope Of Hope

Wednesday, November 13, 2024 12:25 AM EST

Man, Computer, Stock Trading, Iphone, Hands, Finance

Image Source: Pixabay

I first wrote about CAVA a couple of months ago, when it was already sky-high. Well, now it’s sky-high-er. I mean, I admit, if these guys had locations near me, I’d be a regular. This stuff looks tasty.

Their earnings just came out, and the stock is rocketing to another lifetime high. This thing is a beast!

Fundamentals clearly aren’t of interest to buyers at these levels. They are making Chipotle (CMG) look like a relative steal.

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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...

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