2023 IPOs: Why Cava is a hidden gem
03/05/2024 04:31
2023 saw over 150 initial public offerings (IPOs) hit the stock exchange. Many of those IPOs have had a rocky tenure so far, but others may be worthy of inclusion in investors' portfolios. Jon Keidan, Torch Capital Founder and Managing Partner, joins Yahoo Finance for the latest edition of Good Buy or Goodbye, sharing his criteria for IPO investment. Keidan ranks Cava (CAVA) as his "good buy," citing the strength of the brand among consumers, and solid financial performance and growth potential, among other pluses. Birkenstock (BIRK), however, is Keidan's "goodbye." He noes the limited growth within the industry, reliance on retail wholesalers, and pessimistic consumer sentiment, particularly in the context of luxury goods. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
2023 saw over 150 initial public offerings (IPOs) hit the stock exchange. Many of those IPOs have had a rocky tenure so far, but others may be worthy of inclusion in investors' portfolios.
Jon Keidan, Torch Capital Founder and Managing Partner, joins Yahoo Finance for the latest edition of Good Buy or Goodbye, sharing his criteria for IPO investment.
Keidan ranks Cava (CAVA) as his "good buy," citing the strength of the brand among consumers, and solid financial performance and growth potential, among other pluses. Birkenstock (BIRK), however, is Keidan's "goodbye." He noes the limited growth within the industry, reliance on retail wholesalers, and pessimistic consumer sentiment, particularly in the context of luxury goods.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino