Lou Whiteman

I'm going to give them a pass for that now because they are building something.

A ton of stock-based compensation here, still trading at 60-time future earnings.

To me, this is the definition of a hold and not a buy here.

I'm glad I'm in where I am.

I don't find this as like, wow, this is the best opportunity to throw new money for me, but there is no reason to hit the exit either.

That's glass half empty.

Glass half full is they still see enough worth investing in that they are still in investment and growth mode.

I tend to give them the benefit of the doubt because they've done so well over the years.

But look, it's a thing until it isn't, right?

I mean, at some point, they do need to just be able to turn all of that revenue growth into oversized profits.

I don't think the market should be demanding it today.

I get the response, but it's just something I think for a long-term shareholder to watch.

So, Travis, I'm happy to have a cover ball with you, but obviously I'm cheap, so I'm going to try and get you to pay, just for the record here.

Like Rachel said, this quarter was about pricing power.

The slight uptick in same-store sales, judging on the curve of a lot of the rest of the industry, that's pretty good.

But it was a 1.9% increase in menu price and product mix, not the fact that people are coming more.

This is an interesting moment for them.

Talk about Axon.

Talk about that.

This is still a relatively small company.