03-18-2020, 05:07 PM
(03-18-2020, 04:52 PM)vbin Wrote: Folks who have been buying restaurant brands, why no one is looking at QSR? I think buffet is invested and if things get worst cost effective fast food will do well.
We really need to summon Eric for a quick look at balance sheets for any restaurant we are considering. (even if I sass him sometimes lol). That is going to be critical to any restaurant's survival. MCD, WEN etc can go drive thru only and pay the rent and utililities. I am pretty deep in CBRL and will have a decent position in TXRH. Large scale carryout may not be so viable for them. I bet they get more efficient at it by next week though.
Everyone beware this is my idea of a speculative move. My port is dominated by UTEs, insurance companies, defense and bluechip industrials. I don't own tech or much anything shaky other than FUN. This is a time for risk management. Don't add more risk if you already have enough. The index may drop another 25% for all I know. It's my strong belief that if our top 10 national restaurant chains can't survive this, we have big trouble that will go far beyond cheeseburger joints.