BurgerFi International (BFI)

[Televet]

BurgerFi: A Beaten-Down Growth Story Worthy Of A Second Look
Aug. 25, 2021 3:27 PM ETBurgerFi International, Inc. (BFI)

https://seekingalpha.com/article/4451807-burgerfi-worthy-of-a-second-look?mail_subject=bfi-burgerfi-a-beaten-down-growth-story-worthy-of-a-second-look&utm_campaign=rta-stock-article&utm_content=link-2&utm_medium=email&utm_source=seeking_alpha

Conclusion

At the current price level, BFI seems to have found a floor. Given that the stock is trading below its book value by a considerable amount, we feel that an investment with a 6-18 month time horizon is wise. While some questions remain about the company's ability to scale effectively, the margin of safety is large enough that we feel comfortable putting out money where our mouth is. We issue a buy price of under $12.5 and an initial price target of $25.