3 Reasons Investors Should Avoid Jersey Mike's Stock After Its IPO
Jersey Mike’s Subs (JMKE) debuted on July 30 after a long private run. The stock closed its first session at $21.63, below its $23 IPO price, and later recovered. The article cites post-IPO selling by early holders, a valuation of about 11x trailing sales versus peers, and international expansion risk despite a Canada development deal.
