Posted: 1/27/2015 11:35:51 AM EDT
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Looks like it is set for Friday, 30 January 2015. I never heard of them until I saw a TV report Monday. How do they compare with places like In-n-Out Burger?
Source " Shake Shack (NYSE: SHAK) will be this week’s highlight IPO if its 5 million-share offering raises the expected $92 million in proceeds. With a price between $14 and $16, the company will be valued at nearly $570 million. Shake Shack describes itself as “a modern day 'roadside' burger stand that serves the classic American menu of burgers, hot dogs, fries, shakes, frozen custard, beer and wine sourced from natural and premium ingredients.” Founder Danny Meyer leveraged his restaurant expertise from his Union Square Hospitality Group (USHG) to create the first concept of Shake Shack in 2004 – a hot dog cart in New York’s Madison Square Garden. His goal was to create a differentiated experience for customers through Shake Shack’s innovative vision of "Stand for Something Good" that has now expanded to 63 Shacks in nine countries and 34 cities." |
Freddy's steakburger is my favorite of all the fast food burger chains.
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So every location is valued at $90M each?
Or like usual they are valuing thin air. They used to do an IPO with at least some real value involved. Now it is just almost a pump and dump scheme. Edit to add a strike to my dumbass, can't add (or divide for that matter), math from this morning. |
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That's the "smokehouse" or something. It's the only thing I've had there. Bacon is good, and the red stuff is marinated hot pepper strips. It seems unlikely, but it really works. Super tasty. Beef was NOT overcooked - actually medium, maybe medium well in most parts, and with a great sear on it. Still cooked more than I'd generally prefer, but you could actually get some flavor out of it for a change. Fries are crinkle-cut, sorta forgettable, but they are cooked properly. It's good. Is it $10 meal good? Eh, I've had a lot that was worse for more money. It's better than Five Guys. Better than Culver's. Maybe even with In-n-Out, but different. More high end, while In-n-Out has a bit of everyday flair to it. My greatest surprise was fantastic bacon and not overcooked beef. Really, I'll go back just because they don't overcook stuff. |
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You just reminded me that Florida is a failure for not having a Culvers I make a point to go to Culvers in MI when I visit family Quoted:
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Culvers You just reminded me that Florida is a failure for not having a Culvers I make a point to go to Culvers in MI when I visit family Culvers won't work outside the Midwest because they wouldn't have the dairy supply. The Butterburgers are pretty lame. The appeal is the shakes, ice cream, and cheese, all of which are fuckin awesome. |
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So every location is valued at $90M each? Or like usual they are valuing thin air. They used to do an IPO with at least some real value involved. Now it is just almost a pump and dump scheme. I think you put the decimal point in the wrong place. But still insane, each burger joint they own is valued @ $9 million? Insane! |
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You just reminded me that Florida is a failure for not having a Culvers I make a point to go to Culvers in MI when I visit family Quoted:
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Culvers You just reminded me that Florida is a failure for not having a Culvers I make a point to go to Culvers in MI when I visit family you need to get out more. Florida has culvers. I have 3 in my county. |
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Quoted: So every location is valued at $90M each? Or like usual they are valuing thin air. They used to do an IPO with at least some real value involved. Now it is just almost a pump and dump scheme. It's called factoring. It's common and more than "valuing thin air". |
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Have you ever owned a business? It's called factoring. It's common and more than "valuing thin air". Quoted:
Quoted:
So every location is valued at $90M each? Or like usual they are valuing thin air. They used to do an IPO with at least some real value involved. Now it is just almost a pump and dump scheme. It's called factoring. It's common and more than "valuing thin air". lol |
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Culvers won't work outside the Midwest because they wouldn't have the dairy supply. The Butterburgers are pretty lame. The appeal is the shakes, ice cream, and cheese, all of which are fuckin awesome. Quoted:
Quoted:
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Culvers You just reminded me that Florida is a failure for not having a Culvers I make a point to go to Culvers in MI when I visit family Culvers won't work outside the Midwest because they wouldn't have the dairy supply. The Butterburgers are pretty lame. The appeal is the shakes, ice cream, and cheese, all of which are fuckin awesome. I for one only eat their ice cream. I agree, the food is meh. Quoted:
you need to get out more. Florida has culvers. I have 3 in my county. Well go figure. I won't be making a 4 hour drive to central Florida just to get ice cream though 
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| I think that they're right around Five Guys in price (actually, they might be a little less expensive, I'm pretty sure they are less expensive than the other local "premium" burger joint Z-Burger), and the burgers really are pretty good. Fries are underwhelming. Shakes and root beer are also pretty good. I don't think I've ever been to the one in DC without having to wait a long time in line to order or to pick up my food. Seating is also sparse. |
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So every location is valued at $90M each? Or like usual they are valuing thin air. They used to do an IPO with at least some real value involved. Now it is just almost a pump and dump scheme. Wait, what? Am I missing something? $570 million total value / $90 million per location. They have 6.5 locations? |
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Wait, what? Am I missing something? $570 million total value / $90 million per location. They have 6.5 locations? Quoted:
Quoted:
So every location is valued at $90M each? Or like usual they are valuing thin air. They used to do an IPO with at least some real value involved. Now it is just almost a pump and dump scheme. Wait, what? Am I missing something? $570 million total value / $90 million per location. They have 6.5 locations? Do I need to go edit my fuck up to keep people who read the thread from going back to point it out over and over? |
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Wait, what? Am I missing something? $570 million total value / $90 million per location. They have 6.5 locations? Quoted:
Quoted:
So every location is valued at $90M each? Or like usual they are valuing thin air. They used to do an IPO with at least some real value involved. Now it is just almost a pump and dump scheme. Wait, what? Am I missing something? $570 million total value / $90 million per location. They have 6.5 locations? Yes you are missing something - the IPO will raise $90m which will value the whole company at $570m, that is because they aren't selling all the shares in the company. At $15 a share they are selling 6 million shares out of a total of 38 million shares. The remaining 32 million shares will be help by the company founders and investors. |
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Are you thinking of Shake PIT? We don't have a Shake Shack here... Quoted:
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I was in the Bradenton, FL, SS two weeks ago. I don't know if it is part of a chain. Food was acceptable. Shake was good. Are you thinking of Shake PIT? We don't have a Shake Shack here... He must mean Shake Pit, what else could it be. So happy that Bradenton is my hometown, you can't beat the 'ol Shake Pit. I remember going there so much during High School |
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Quoted: He must mean Shake Pit, what else could it be. So happy that Bradenton is my hometown, you can't beat the 'ol Shake Pit. I remember going there so much during High School. Quoted: Quoted: Quoted: I was in the Bradenton, FL, SS two weeks ago. I don't know if it is part of a chain. Food was acceptable. Shake was good. Are you thinking of Shake PIT? We don't have a Shake Shack here... He must mean Shake Pit, what else could it be. So happy that Bradenton is my hometown, you can't beat the 'ol Shake Pit. I remember going there so much during High School. Went back recently and it didnt compare. Council's pool hall downtown accross from the courthouse, now they still have the best burger in FL. So says my past weekend trip.
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Quoted: Shake Pit used to be awesome up until about 2002. The chicken sandwiches and shakes were the best post-beach food ever. Quoted: Quoted: Quoted: Quoted: I was in the Bradenton, FL, SS two weeks ago. I don't know if it is part of a chain. Food was acceptable. Shake was good. Are you thinking of Shake PIT? We don't have a Shake Shack here... He must mean Shake Pit, what else could it be. So happy that Bradenton is my hometown, you can't beat the 'ol Shake Pit. I remember going there so much during High School. Went back recently and it didnt compare. Council's pool hall downtown accross from the courthouse, now they still have the best burger in FL. So says my past weekend trip. The Shake Pit was THE place from about 1960 thru the early 70s. When Harry and Janet retired they sold the business and it was just never the same, at least for me. Circa 1962   |