*CNBC Watch - CAKE ceo was just on their of course talking about how great his company was doing, etc. I looked into the company, and fundamentally, I believe it's bloated, and technically this is looking like it's the last leg up. I'm very skeptical of any CEO's talking with CNBC ever since the CEO of TOL (Toll Brothers) came on CNBC and then within literally a few days sold millions and millions of shares on to the open market.
CAKE is at $35.21 as of this post. CAKE has a book value of $6.72 with no debt and a P/E of 44.34. Being in the casual dining business, they would most certainly be affected by an economic slowdown. Technically I believe CAKE is at or near a longer-term top here (if it wasn't already put in last week)...
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