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Company: Cheesecake Factory (CAKE)
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edit The company is unique among restaurants

The company is unique among restaurants. Landlords provide rent subsidies because the restaurants draw tremendous traffic. There is often a long wait to be seated. That's why they are often located at or near shopping malls

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edit Company has historically sold at a premium valuation to other restarants

Historicaly the company has sold at a premium valuation to other restarants. With a modest slowdown in earnings growth the stock is selling at a low historical multiple both to the industry and the market

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