All three share a characteristic I don't particularly like in a long-term investment: the technology underlying their core service is relatively easy to reproduce, while much of the product they sell is ultimately supplied by somebody else.
Jersey Mike’s is a great business—but JMKE looks expensive. I break down its premium valuation, tiny float, January lock-up catalyst, peer comparisons, and why I’m watching February $12 puts as a potential Thanksgiving trade.
I track these macro indicators every day before looking at individual stocks. Rates, inflation, oil, employment, valuation, sentiment and consumer stress—here’s what each signal tells me, why it matters, and where I get the data. 📊