Trading ideas for the week of May 15th. Another restaurant IPO (Initial Public Offering) coming out (pricing date is expected to be around 5/17/06 so that probably means it will be open for trading on 5/18/06.) The IPO is 'Burger King' (NYSE: BKC.) The lead managers are Morgan Stanley (NYSE: MS), JP Morgan (NYSE: JPM), Citigroup (NYSE: C), and Goldman Sachs (NYSE: GS). The pricing is suppose to be $15-17 and they're offering about 25 MM shares. Diageo is actually spinning Burger King off and I know Diageo from Captain Morgans Rum! Go Parrot Bay Mango (w/ Sprite)!!! Not sure if this is going to be a 'hot' IPO, only b/c they're basically starting off with a 3 B market cap. Whats interesting is all these restaurant IPO's coming out this year (i.e. Morton's, Ruth's Chris, Chipotle, etc.) to name a few. One has to wonder if there's a pullback in the market if the restaurant sector will do well. I'm inclined to think it will seeing how there's probably a ton of institutional holdings in all these restaurant stocks since they were brought public. We shall wait and see.