My journey of becoming financial independence by 35 years old
There are a lot of Wall Street crooks trying to pump up the IPO price, how it’s endangering McDonald and Burger King ‘s market.
I check de their menus, it’s like 5 guys menu. The price for fries, drinks are 3x higher, I can’t see how it would taken a bite out of McDonald. They are 2 different types of restaurants. I can see they taken a bite out of chipotle, or qdoba, 5 guys … Slightly cooler, and outrageous price for college students.
In conclusion, I’m not taken a bite of Shake shack IPO unless the crooks back off. Price might not calm down until some intervention. But Shake Shake upper managements have so much money, they probably would not sell until 2-3 years down the road.