A restaurant I frequent for many years. Pe 25 is high

Growth slows down in past year, partially attributable to eroding gross margin, not necessarily alarming, but a question mark. Its food is already priced high, so I doubt it has any further pricing power. Overall, stable, but not that much undervalued.

CMG is another favorite restaurant of mine for many years. Saw its price sky rocketing over the course thanks to its sustained high growth rate, but never dared to jump in, concerned about its high pe all the time. A good lesson on a hindsight. Sometimes one just needs to take a little risk. Now is too late.