Why I'm Passing on the Toast IPO

Good companies do not always translate to good investment opportunities. Unfortunately, that disconnect often shows up often when new and exciting companies like the restaurant point-of-sale platform Toast (NYSE: TOST) go public.

There are reasons to be excited about Toast as a company, but here's why I'm passing on the company's recent IPO -- at least for now.

Running a restaurant is no easy task; there are many aspects to keeping the operation running smoothly. Restaurants are often small businesses, and their founders might know more about food than business management and logistics.

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Source Fool.com