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Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champions initially had kept him in the face of a rape claim,...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
SunTrust reiterated its buy rating on Shake Shack despite existing and planned store overlap that will eat into same-store sales.
The burger chain opened nine stores within 15 miles of comparable locations in 2016 and plans to open another 25 in 2017 just as close, according to analysts. But with the increasing concentration of stores, SunTrust says multiple expansion is critical to its positive rating.
"Our analysis supports management's assertion that sales cannibalization from new units is pressuring same-store sales," wrote SunTrust analyst Jake Bartlett in Monday's note to clients. "When Shake Shack's same-store sales were +13.3 percent, only 2 new units were opened within 15 miles of comp base stores."
Shake Shack shares fell about 6 percent earlier this month after the company disappointed investors with its second-quarter earnings report. Since touching a high in June, the stock has fallen 20 percent.