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Bull Case
Recently hired a new CEO, Julio Ramirez, who has 26 years experience at Burger King - reaching the Global Chief Operations Manager in his time there.$BFI are hoping to enlist his extensive franchisee contacts around the world.
Chef created food menu. On trend with hormone-free meat, Beyond Meat vegan option and sides being made fresh in store every day.
Focusing on creating a seamless online service with the use of "ghost kitchens" to fulfil food and deliver without having a shop front, reducing overheads significantly.
Bear Case
BurgerFi have attempted to expand outside their FL stronghold with little success in the past. Many outlets were forced to close due to lack of market penetration.
The current global health crisis makes indoor dining difficult and $BFI peers such as @shakeshack have not done well this year. Fast casual concept has many competitors especially for burgers. Does BurgerFi have enough to offer to stand out?
Current price $14.80 = $260m valuation incl. $30m cash to balance sheet but not incl. Warrants
9.36m additional shares available to exercise if $19, $22, $25 share price thresholds reached.
Potential: Peers such as $SHCK, Five Guys & Burger King have valuations between $3-$5bn implying that $BFI could one day be a 10-20x investment.
My Verdict: There are many risks ahead for $BFI but if they can execute well, this can be a very lucrative investment.
My Verdict: There are many risks ahead for $BFI but if they can execute well, this can be a very lucrative investment.
What do you think about $BFI and its prospects?
