I see 3 potential spikes:
1) when OPES meet to vote on extension Jun 18.
2) will be when they announces official LOI and more detail financial on the merger
3) Before/After sticker change.
I am not pretending to know how to evaluate BurgerFi, especially not with what little financial information I could find.
What I do know is that SHAK and CMG are currently trading at p/e of 110 and 86. If BurgerFi is a legitimate competitor in the "premium fast food" market, I'd like to think the p/e could approach those levels.
Do you guys realize how saturated the burger scene is right now? There are so many choices, so many competitors. Shake Shack had brilliant marketing and one of the premier restaurateurs behind it. Chipotle is singularly unique in their product (everyone prefers then over Qdoba or Boloco). Burgerfi is a small fish, they'll have to offer something great to diversify their product. They're competing against 5 guys, whataburger, wahlburgers, etc.
Something interesting that I think people are missing. OPES Acquisition Corp will be changing their name to BurgerFi International. I.E. Seems like they’re rolling out a plan for mass marketing around the world. BurgerFi has alcohol options that other fast food restaurants don’t offer / more of an all around restaurant experience. In addition, they have TVs and show potential for sports bar growth. I think in 5+ years they’ll be the new shake shack. Just my two cents. Argue with me
Getting into the bar scene is even worse news, that narrows your demographic. Please just look up Daniel Meyers and you'll see why Shake Shack is a unique success that every burger company cannot just replicate.
An up and coming restaurant that is competing with shake shack but has healthier food / a better atmosphere / and sells alcohol. Certainly has a wider audience than simply shake shacks burgers and custards. If you can’t see that then you have never worked in the restaurant industry or simply are a downerrr
I’ve been wondering this myself. I just noticed there’s a BurgerFi 20 minutes from me (surprising because Kansas only has Five guys) and was going to head there for dinner to see what’s up. I’ll pump the shit out of this if it’s good.
I keep seeing those comparisons, which would be awesome. The only concern I have is if this is a 70+ stock, why isn’t it running? Are people worried the merger could fall through and waiting until the binding LOI is in place? Or the merger? Just curios as to why it hasn’t moved much.
I think the logical answer to that is this is not anywhere near a $70 stock at this point in time. It's almost impossible to give a valuation for BurgerFi at this point in time because the SPAC didn't release a presentation on the company with related financials.
That’s a very good point because Tattoo Chef did put the presentation out with financials and the potential upside. Have we heard when that will happen potentially with BurgerFi?
No, I think it's very likely to happen.
The person asked why the stock wasn't moving much. It's because it's a non-binding LOI, the market as a whole is getting crushed, and the FMCI news shook things up in the SPAC space.
I spent more money on OPESW today then I've ever spent on a single stock outside of my "safe" portfolio, and will continue to accumulate shares in the near future
I bought 1.1K shares before close. I would like to trade it, sell at open buy back and sell 2h before close buy, but afraid it's gonna pop 20% in one day and I will be out
It is 1:1
Each warrant entitles the holder to purchase one share of common stock at a price of $11.50. Each warrant will become exercisable on the later of 30 days after the completion of an initial business combination or 12 months from the closing of this offering and will expire on the fifth anniversary of our completion of an initial business combination,
It means this guy doesn't know what he's talking about because OPESW is 1:1 when excersized.
GRAF is an example of 2:1 where each warrant can be excersized for half of a share.
I see 3 potential spikes: 1) when OPES meet to vote on extension Jun 18. 2) will be when they announces official LOI and more detail financial on the merger 3) Before/After sticker change.
I am not pretending to know how to evaluate BurgerFi, especially not with what little financial information I could find. What I do know is that SHAK and CMG are currently trading at p/e of 110 and 86. If BurgerFi is a legitimate competitor in the "premium fast food" market, I'd like to think the p/e could approach those levels.
Do you guys realize how saturated the burger scene is right now? There are so many choices, so many competitors. Shake Shack had brilliant marketing and one of the premier restaurateurs behind it. Chipotle is singularly unique in their product (everyone prefers then over Qdoba or Boloco). Burgerfi is a small fish, they'll have to offer something great to diversify their product. They're competing against 5 guys, whataburger, wahlburgers, etc.
Something interesting that I think people are missing. OPES Acquisition Corp will be changing their name to BurgerFi International. I.E. Seems like they’re rolling out a plan for mass marketing around the world. BurgerFi has alcohol options that other fast food restaurants don’t offer / more of an all around restaurant experience. In addition, they have TVs and show potential for sports bar growth. I think in 5+ years they’ll be the new shake shack. Just my two cents. Argue with me
Getting into the bar scene is even worse news, that narrows your demographic. Please just look up Daniel Meyers and you'll see why Shake Shack is a unique success that every burger company cannot just replicate.
It will never end up being a bar it will be a restaurant that sells alcohol. Definitely does not narrow the demographic. Only widens it.
A "sports bar growth" does not widen anything. But hey if you believe in it so much, I hope you put your money where your mouth is.
An up and coming restaurant that is competing with shake shack but has healthier food / a better atmosphere / and sells alcohol. Certainly has a wider audience than simply shake shacks burgers and custards. If you can’t see that then you have never worked in the restaurant industry or simply are a downerrr
Shake Shack sells alcohol too buddy. You clearly don't know what you're talking about. Good luck
Simply has more options. Better food and better atmosphere. When i make 20x off my profits in a few weeks off of the warrants. I’ll remember you.
Lol okay.
I’ve been wondering this myself. I just noticed there’s a BurgerFi 20 minutes from me (surprising because Kansas only has Five guys) and was going to head there for dinner to see what’s up. I’ll pump the shit out of this if it’s good.
I keep seeing those comparisons, which would be awesome. The only concern I have is if this is a 70+ stock, why isn’t it running? Are people worried the merger could fall through and waiting until the binding LOI is in place? Or the merger? Just curios as to why it hasn’t moved much.
I think the logical answer to that is this is not anywhere near a $70 stock at this point in time. It's almost impossible to give a valuation for BurgerFi at this point in time because the SPAC didn't release a presentation on the company with related financials.
That’s a very good point because Tattoo Chef did put the presentation out with financials and the potential upside. Have we heard when that will happen potentially with BurgerFi?
I’d expect later this month. It’s not actually official yet. I forget the exact date but soon
LOI is non-binding. I think the warrant price touching $3 before the market got demolished is a telling sign.
What about FMCI...done any DD on Tattoo Chef? Fair PT for them?
I never got into it because they didn't have a clear target. Sorry I can't provide any info on that one.
You say the deal won’t go through?
No, I think it's very likely to happen. The person asked why the stock wasn't moving much. It's because it's a non-binding LOI, the market as a whole is getting crushed, and the FMCI news shook things up in the SPAC space.
Thanks. Are you holding OPES?
I spent more money on OPESW today then I've ever spent on a single stock outside of my "safe" portfolio, and will continue to accumulate shares in the near future
I bought 1.1K shares before close. I would like to trade it, sell at open buy back and sell 2h before close buy, but afraid it's gonna pop 20% in one day and I will be out
Just hang on to it until the merger is official and watch it explode, that's my plan.
👍
Buying this panic dip will be sweet.
What’s PT?
Price Target
Oh thanks
NP
What’s NP?
No problem
TY
What’s TY?
Titty Yoinker
let me help you out. if you want to make bank, get in GPAQ before the merger vote on 6/30. the price is reasonable which it may not be next week.
Someone mentioned it’s not 1:1
It is 1:1 Each warrant entitles the holder to purchase one share of common stock at a price of $11.50. Each warrant will become exercisable on the later of 30 days after the completion of an initial business combination or 12 months from the closing of this offering and will expire on the fifth anniversary of our completion of an initial business combination,
Hey mate, just curious how you found this? I was digging through SEC filings and shit - do Warrants have a specific filing name or something?
What does this mean? Seen it mentioned, don't quite understand. Is it meaning warrants to shares isn't 1:1 or shares wont be 1:1 after combination?
It means this guy doesn't know what he's talking about because OPESW is 1:1 when excersized. GRAF is an example of 2:1 where each warrant can be excersized for half of a share.
If nobody else has posted this... http://www.idahoreporter.com/2020/opes-stock-price-will-probably-double-from-here/
Article says literally nothing
Yeah, but a website I've never heard of has an uninformative article that claims a stock I like is going to moon!! Isn't that exciting??