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Cheesecake Factory Added to Goldman Sachs Conviction Buy List (CAKE)
Published:
The Cheesecake Factory (NASDAQ: CAKE) is being added to Goldman Sachs CONVICTION BUY LIST. This call is reflecting a view of early cycle casual diners and a fundamental view on recent strategic changes. Goldman Sachs likes the more disciplined spending and plans for slower growth in an effort to yield better operating results. There is also a belief that share repurchases for close to 10% of its float can be driven by free cash flows.
Jon C. Ogg
February 11, 2008
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