04-01-2020, 02:29 PM
(04-01-2020, 01:49 PM)Binary Wrote:(04-01-2020, 01:37 PM)EricL Wrote:(04-01-2020, 12:53 PM)fenders53 Wrote:(04-01-2020, 12:36 PM)ChadR Wrote: Added to IBM and CBRL.
CBRL is a good call IMO. It's trying to find a bottom. They will bring a strong dividend back as soon as they can and shares over 50% off are going to look good soon enough. I sold all of mine just north of $100 and today looks like a good day to start getting back in. No worse than holding a stock that pays no dividend when the price is right.
And a I hate it when I try to sell a position but double up instead. Pay attention dummy.
Florida just issued a 30-day stay-at-home order. Florida had the largest store count for CBRL as of 2015, the latest data I could find.
I think CBRL is a great company, but I have a hard time seeing any positive news coming for it in the next month.
I agree with you, seeing positive news will be difficult these days. But wait until the restaurants open again
(04-01-2020, 02:22 PM)EricL Wrote: You both make good points, I'm probably being too pessimistic.You are buying oil Eric, and the story is pretty similar. You believe there will be a recovery or you don't Absolute Doomsday scenario. Restaurants, hotels, travel and oil have the same narrative for now.
If you are buying for the long-term, and not simply trades, I think either VFC or CBRL are worth a look here.