Cramer’s “private equity buyout target” tonight was Cheesecake Factory (CAKE) on Mad Money on CNBC. He doesn’t care that the company is up 10% after earnings and he doesn’t think it is too late to get on board: likes that the cash flows aren’t living up to their potentials; thinks this would be easy to turn around; they can actually raise their prices because they are low for quantity and quality versus elsewhere; privateer could bolster its supply side; could bolster a little more brand promotion via advertising and store additions would be in the works; new management team could actually close their underperforming stores. Besides looking attractive to private equity, the CEO is the son of the company’s founders and the shares should be a lot higher.
Jon C. Ogg
April 25, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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