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An extra restaurant stock: Cheesecake Factory (CAKE)

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Restaurant stock #2: Cheesecake Factory (CAKE)

Can you believe Cheesecake Factory (NASDAQ: CAKE) traded below $5 last November?

I can. Its model of big meals and big cheesecake appeared vulnerable to the deep recession. Would consumers cut out the fat in their dining budget?

Apparently not, as the stock is up more than 3 times since hitting the bottom.

Now trading above $17 per share, CAKE is poised to return to previous highs of $40 per share. There is strong growth here, and an economic recovery enhances that growth.

I rate CAKE an A or Strong Buy.

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Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
NASDAQ-10.782,146.04
S&P 500-3.521,091.38

Last updated: November 22, 2009: 02:55 AM

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