What Did You Buy Today?

[fenders53]

(03-22-2020, 09:45 AM)Otter Wrote:

(03-22-2020, 05:32 AM)fenders53 Wrote: https://seekingalpha.com/article/4333420...ay-for-now

The charts in this article from Darden are the first real stats I've seen.  The sales dip through the first few weeks of the crisis is very ugly for sit down restaurants.  DRI definitely on my watchlist.  Same store growth momentum was looking pretty good before the shutdown.  There will be some long-term value here soon enough.

I would caution that they were an absolute basket-case up until the very last couple years of the ultra-bull market. For years, all you would read about as a shareholder was missed earnings, earnings revisions downwards, articles that dining trends were changing (most having a theme that Millenials don't eat at chain restaurants in the same numbers as baby boomers). Things could remain ugly for a very long time.

Thanks Otter, my research is preliminary.  Maybe they won't make my buy list after I did deeper.  Restaurants are definitely part of my get well thesis.  There will be some pent up demand when the lock downs end.  (which isn't a LT thesis of course).  They are just simpler for me to understand than commodities, tech etc.  I do think millenials prefer more local or regional restaurants.  Even the boomers are attracted to one or two store operations around here.