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u/gregw134
REDDIT_SCRAPED
Investor is bullish on First Watch ($FWRG), a profitable breakfast chain with differentiated menu items (avocado toast, mimosas) trading at a cheap 10x earnings multiple with plans to grow from 650 to 2,200 stores. Key risks include execution risk on expansion, restaurant industry cyclicality, competition from established players like IHOP/Denny's, and potential consumer spending pullback.