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Little help and insight please, On restaurant stock picks

Discussion in 'Ask any question!' started by daddyof2, Mar 22, 2020.

  1. daddyof2

    daddyof2 New Member

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    Hello, Im new to this but decided I want to go after some restaurant stocks.
    I am only playing with $1,000.
    Im looking at DIN @ 17.4, PK @ 6.7 , DRI @ 38, TAST @ 1.3

    Im wanting to split my 1K into 3 stocks about $300 each.
    so the high dollar ones I wont get much stock.I dont want all eggs in one basket. OR are all these not a good idea? the TAST I was thinking just to get 100 share as a coin flip.

    BUT I really like the DRI

    Any insight or suggestions appreciated.
    Thanks,
     
  2. Syynik

    Syynik Member

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    Personally, I HATE Applebee's and IHOP, so I wouldn't bother with DIN. TAST has had some insider buying in February. I don't ever see many people in Burger King restaurants, but then, I RARELY eat out these days.

    Look also into restaurant supply type stocks--I just bought WBT (thank you whoever brought up the insider buying at WBT-I took a closer look and really liked the stock) MIDD is another one I like, The MotleyFool also likes MIDD for what it's worth.

    I am a REIT Freak (REITFREIK?) So would keep an eye on PK.

    I agree with you on DRI-the technical chart shows a pretty steady if slow climb the last 5 years so this might be a great buying opp.

    FINAL EDIT! Thanks for DRI! I just set an alert if it goes under 39. Hope I can have some cash waiting.
     
    #2 Syynik, Mar 22, 2020
    Last edited: Mar 22, 2020
    daddyof2 likes this.
  3. daddyof2

    daddyof2 New Member

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    Thanks! I didnt even think of restaurant supply type stocks. Im gonna look into them! Thanks for your input.
     
    Syynik likes this.
  4. B Russ

    B Russ Active Member

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    This relates to my other concern in the aftermath thread i started. Not trying to derail or pump that one. But i cant put my finger on it either, but just have feeling there will be new financial pressures on any indoor dining industry from here forward. Be it extra payroll for cleaning, inspections, protective equipment.

    Idk.
    Maybe im over analysizng, but that IS what we do here, right?. Or try to? Im scared of any indoor dining until i read or engage in some discussion with them. New policies moving forward...all that jazz.
     
    Syynik likes this.
  5. daddyof2

    daddyof2 New Member

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    Your right. More regulation or rules IS a possibility. BUT I dont think that will make any real difference. Hopefully
     
  6. Syynik

    Syynik Member

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    I agree, and since this is probably the ultimate Black Swan event of the 21st century (so far) your concerns are very valid.

    I, however, am looking at this as a "Five-Year Plan" of sorts. Of course companies will change, some won't survive, but it would be beautiful to find some oversold diamonds in the rough down here while we're waiting for the other shoe to drop.
     
  7. daddyof2

    daddyof2 New Member

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    DIN is up from 17.4 to 25.0,
    PK 6.7 to 7.7,
    DRI 38 to 53.9
    Kinda wish I didnt over think!
    I did buy RUTH at 4.16 now its at 6.45 also TACO at 2.67 now its 3.71. I didn't lose!
     
  8. Syynik

    Syynik Member

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    Are these long term holds or plays?

    We are in for some more rough times, my friend, you might want to DCA for more shares. Unless, of course, you're swing trading them.
     
    daddyof2 likes this.
  9. daddyof2

    daddyof2 New Member

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    DCA? Once I get 1500 Im selling everything and starting over. Im at 1250 now
     
  10. TomB16

    TomB16 Well-Known Member

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    I used to respect the Fool but, these days, I think they're so far off their game, they aren't far from a random number generator.
     
    Syynik likes this.
  11. Syynik

    Syynik Member

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    Their marketing is like nails on a chalkboard to me. The long random wordflood with the video/spoken pieces remind me of the crazy "HOW I CAn PrOvE THe IlLumInaTI PuT FlOURidE In ThE WaTEr" nutpieces you'd see 15,20 years ago.

    The books are really good and I re-read them every few years. They also have some good research and picks but it's all become "BUY OUR SUBSCRIPTION!!!" Now.
     

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