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Habit Restaurants: Buy This Dip

After the close on Tuesday, Habit Restaurants (NASDAQ:HABT) released a couple of items that make investing in recent IPO stocks very unpredictable. Smashing conservative guidance while at the same time launching a secondary offering will likely leave the stock spinning in place for some time. The fast casual burger joint has traded mostly flat after the initial IPO hype wore off and investors question the valuation.

With the stock trading down toward $30, the original research (see Habit Restaurants: Keep It On The Menu) suggested the stock is a buy at these levels. Should investors buy the stock if it dips? Read more