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Jersey Mike’s IPO & my thoughts on the stock

The creator discusses the upcoming IPO of Jersey Mike's, noting its rise in consumer preference surveys. Despite initial interest, they find the IPO price range of $21-$25 too high, citing a P/E ratio of 43.7 based on their net income and shares outstanding, especially given the company's single-digit top-line growth. They express interest only if the share price drops to around $10.

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SHAKNeutralLow ConvictionResearch Only

Shake Shack is mentioned as a comparison for high growth rates.

IBMNeutralLow ConvictionResearch Only

The creator mentions they are finishing their analysis on IBM.

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