cloudkitchens is one of the most late-cycle businesses i’ve ever heard of and the fact that they’re still alive and also apparently contemplating an IPO in saudi arabia is a sign of grit and determination and possibly financial funny business on a scale i find it hard to imagine

“no bro you don’t get it bro it looks like a burrito delivery business but it’s actually a leveraged REIT” is a sentence that even the most hardened market bulls must have found horrifying right