(03-02-2020, 11:27 AM)stockguru Wrote: I added some PEP and AEP on friday
I sold some names today on the 500 point up this morning to free some up some cash. My plan is to hold the cash and add to my positions in GD, LMT and RTN on more downturnes. As this time I own 25-30 shares each. I would like to have 40-50 shares each of GD, LMT and RTN when its all said and done. This is the only sector I'm looking to add to at the moment.
BTW does anyone own WEN? Its down from $23-19 in the past 2 weeks. My family loves it there and the new breakfast menu is amazing They also raised its dividend from .10 to .12. - 2-2.3% yield.
I trade WEN now and then. It's under-rated by the market IMO. I hadn't noticed recent price. It's generally a fairly safe entry in the mid to high teens. Try not to chase it because you probably won't run out of chances this week. Just gave them a quick look. The debt is escalating some but I see no other cause for alarm, and this isn't a bad interest rate environment to roll some debt forward. Burger world is competitive and they are on the higher end of pricing. WEN always hits a wall when they bump up against the brokerage price targets. If that sounded like my usual bearish view I really didn't really mean it to be. I'd buy WEN if it dropped another buck. Everytime it drops I sell covered puts a little lower. When it drops for real I also buy a few long shares. When it runs up I sell a call. I pick up a few of the quarterly divs, and pick up another 2% everytime I sell an option. Not a get rich quick scheme, but I just don't view it as a longterm buy and hold. The competition always reacts and puts a leash on the SP. There is no moat and never will be.
I'm getting hungry for a double with cheese just typing this.
Their food quality is a notch above MCD, BK and the like.