Oct. 24 at 8:14 PM
$PTLO I've begun a position here. Besides being a fan of Portillo's food for decades, the stock is extremely underpriced now. I feel for all of you who bought at higher multiples, but this stock is insanely cheap and priced as if it were at risk of going bankrupt, when in fact almost all of their FCF is being spent on opening new stores. You're getting at stock at 5-6x FCF if we removed growth Capex. Portillos is essentially able to buy revenue by building new stores.
I'd love if they would slow growth a little bit, initiate a share buyback or layout a path to a dividend. That and adding a few more "healthy" options to the menu, might result in the market repricing this stock significantly.
Also, anyone posting "charts" is stupid and has no business discussing stocks.
