Four Corners Is Overvalued Relative To Peers

Extrapolation is a dangerous tendency in the stock market, and Four Corners (NYSE:FCPT) seems to be priced with extrapolation in mind. The restaurant REIT has put together a strong track record of steady, medium-paced growth and with a 16X forward multiple, it seems the market is extrapolating its history. S&P Global Market Intelligence While we believe FCPT is a reasonably well-managed company, it has been operating in an easy-mode environment for most of its history. An inflection point is coming to the ...