3 Reasons Investors Should Avoid Jersey Mike's Stock After Its IPO
The IPO and its timing put prospective shareholders in an unexpectedly difficult position.
Overview
After decades of expansion as a private company, Jersey Mike's Subs (NYSE: JMKE) made its public market debut on July 30. However, the launch seemed to disappoint investors, as the stock closed its first trading session below its official offering price.
The stock has since recovered, but Jersey Mike's faces some challenges that could weigh on it. Thus, for now, investors may want to avoid the stock for three reasons.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.