$500k on First Watch ($FWRG)
https://preview.redd.it/a9hrdnahpqmh1.png?width=2446&format=png&auto=webp&s=3f7165c2c577634b81667690bc9b32d3b2c1eacc https://preview.redd.it/l4yk5pnipqmh1.png?width=2458&format=png&auto=webp&s=21bc1a25bc5bf05c659f811a7cb8147e5f336d5d tl;dr: -First Watch sells avocado toast and mimosas -Denny's doesn't I’ve tricked myself into buying a restaurant stock, First Watch ($FWRG), and shorting IHOP and Cracker Barrel. It’s a popular breakfast chain, think IHOP/Denny’s except the food is Instagrammable: https://preview.redd.it/fmwkaccepqmh1.png?width=1766&format=png&auto=webp&s=ac8a0795eb86cd51be0a8e8ac8a50c2a2f627e3b It’s a high-quality business, profitable, customers love it. They’re at 650 restaurants now and plan to grow to 2,200 stores. It’s on sale: market cap is $760M, and they make about $75M a year which they reinvest into new stores, growing 10%+ a year. That’s a 10x multiple, very cheap for a healthy growing company. https://preview.redd.it/0xi4osg
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.