Research Notes: 3 Good Ideas
A fresh look at Portillo's, Destination XL and EngageSmart
Highlights:
In February, we worried about PTLO’s valuation. A cheaper price and strong performance in new markets might be enough to own one of the best restaurant operators out there.
Destination XL is taking a big swing — which adds both risk and reward to the bull case.
Underfollowed SaaS play EngageSmart seems on track. Yet a post-earnings sell-off provides investors with another opportunity.
(A quick note: due to the Labor Day holiday in the US, this week’s deep dive will be pushed back to Tuesday, September 5. We wish our readers in the States and beyond a safe and happy holiday.)