10-08-2015, 01:50 PM
60 is decent. I am happy to share my thoughts here. Ok, here is my concern. They earned a buck in the quarter. They pay out .46. So we are talking, very simplistically, about around a 50% payout ratio for a rather undiversified group of restaurants. The pizza, the chicken, and taco bell which is the bright spot, popular among millenials. But with management guiding what, growth in the mid single digits going forward, I would probably want a bit over a 3% yield for that. So yes, 60...Maybe even lower.
I guess I'm tempering my enthusiasm to buy right now...I think I'd want a bit more bang for my buck here.
I guess I'm tempering my enthusiasm to buy right now...I think I'd want a bit more bang for my buck here.