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Wild

TMMAC's Most Handsome Admin
Admin
Dec 31, 2014
58,348
107,867
Thats better than being up $0!
I made 47% on my initial investment the first go around. Let's see if I can do it again. It's not going to be as easy this time, since prices have risen so much over the past 6 weeks.
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
17,013
20,449
I made 47% on my initial investment the first go around. Let's see if I can do it again. It's not going to be as easy this time, since prices have risen so much over the past 6 weeks.
I think we are going to have about a year period where we have the ability to take advantage of this situation
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
17,013
20,449
When you buy at $12.25 or so, where do you put your stop?
This last time we sold at $15, then we sell off enough to cover the initial investment, then buy more, etc etc
so we slowly build up shares for the long term, and make some nice skrilla now.
I have the time to watch the stock throughout the day so we will sometimes adjust our sell orders on the fly.
 

Too swole to control

I’ll fight anyone on here except Sex Chicken
Oct 28, 2015
5,589
9,034
This last time we sold at $15, then we sell off enough to cover the initial investment, then buy more, etc etc
so we slowly build up shares for the long term, and make some nice skrilla now.
I'm sorry I meant stop loss. In case things go bad. Chef has some serious drops on the chart
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
17,013
20,449
I'm sorry I meant stop loss. In case things go bad. Chef has some serious drops on the chart
Honestly I haven't gotten into the more advanced things like that. I tend to use limit purchases and sells. I need to look into the other options though for that reason.

The reason we are doing this with Chef's Warehouse is because I believe they have a solid business plan by selling to the general public AND restaurants. They also have good cash on hand and over all seem to be a strong company.
 

Too swole to control

I’ll fight anyone on here except Sex Chicken
Oct 28, 2015
5,589
9,034
Honestly I haven't gotten into the more advanced things like that. I tend to use limit purchases and sells. I need to look into the other options though for that reason.

The reason we are doing this with Chef's Warehouse is because I believe they have a solid business plan by selling to the general public AND restaurants. They also have good cash on hand and over all seem to be a strong company.
You may want to think about that. Chef went from $38 to $29 Oct 2018 and $38.50 to $30 in dec 2018.
$16.46 to $10.31 Aug 2016. Not to mention the recent drop from $40 to $5.50. it has happened to me before (not having a stop loss during a huge drop) and it sucks. Good luck, seems like you are doing rly good. Just something to maybe consider. Sorry to bug you
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
17,013
20,449
You may want to think about that. Chef went from $38 to $29 Oct 2018 and $38.50 to $30 in dec 2018.
$16.46 to $10.31 Aug 2016. Not to mention the recent drop from $40 to $5.50. it has happened to me before (not having a stop loss during a huge drop) and it sucks. Good luck, seems like you are doing rly good. Just something to maybe consider. Sorry to bug you
Not bugging me at all, I enjoy learning about this, it's still very new to me. I think I'm doing really good just due to the current situation, I doubt I'd be doing this will if it weren't for the current situation.
 

Le Chat Noir

Le Chat Noir ©
Jan 28, 2020
753
1,052
You may want to think about that. Chef went from $38 to $29 Oct 2018 and $38.50 to $30 in dec 2018.
$16.46 to $10.31 Aug 2016. Not to mention the recent drop from $40 to $5.50. it has happened to me before (not having a stop loss during a huge drop) and it sucks. Good luck, seems like you are doing rly good. Just something to maybe consider. Sorry to bug you
That's true, but those are small snapshots. No stock just rises at a perfect angle.
If you look at then from 2017 on, you see a company with steady growth.
In addition check their balance sheet and you see they are not running a high debt ratio, which is allowing them to weather the storm.


Now the downside is the restaurant industry is fickle and recovery could be much longer than we like.
Various restaurants have closed and others are slow to fill their spot or new one's open, cruise lines and casinos that they provide for are still closed, etc... Still I think they are a better bet than any one chain, because they are their to provide for whoever comes through.

AND I could be dead wrong.

Le Chat Noir
©
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
17,013
20,449
That's true, but those are small snapshots. No stock just rises at a perfect angle.
If you look at then from 2017 on, you see a company with steady growth.
In addition check their balance sheet and you see they are not running a high debt ratio, which is allowing them to weather the storm.


Now the downside is the restaurant industry is fickle and recovery could be much longer than we like.
Various restaurants have closed and others are slow to fill their spot or new one's open, cruise lines and casinos that they provide for are still closed, etc... Still I think they are a better bet than any one chain, because they are their to provide for whoever comes through.

AND I could be dead wrong.

Le Chat Noir
©
Thats out thinking as well.
 

Le Chat Noir

Le Chat Noir ©
Jan 28, 2020
753
1,052
I had to get rid of BLMN, it was irritating!
SABR has had a good week, but there is no solid news that I've found about airlines returning to full capacity...so I'm holding off for now.

Oh and I started a 5G watch list. Any recommendations there?

Le Chat Noir
©
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
17,013
20,449
I had to get rid of BLMN, it was irritating!
SABR has had a good week, but there is no solid news that I've found about airlines returning to full capacity...so I'm holding off for now.

Oh and I started a 5G watch list. Any recommendations there?

Le Chat Noir
©
Sir, respectfully I think you are crazy for getting rid of BLMN. We are currently up 30% on them. I haven't checked the news for them lately, but they seem to be well equipped to weather this storm like CHEF.

5 Restaurant Stocks That an Analyst Says Are Still Worth Buying -- Barrons.com
2:58 pm ET May 20, 2020 (Dow Jones) Print


By Teresa Rivas

Restaurant stocks have been whipsawed by poor earnings, Covid-19 warnings from health experts, and hopes about reopenings and vaccine progress. Yet the overall picture is improving, argues Raymond James.

Analyst Brian Vaccaro notes that restaurants' ability to raise capital in recent weeks has bolstered balance sheets, in many cases pushing off any concerns about liquidity to a year or more. That has allowed investors to turn their attention to new data from states that are slowly lifting virus-related restrictions -- and in many cases, these numbers have been encouraging.

While we are of course still in the early innings, preliminary data has been upbeat, with sales improvements in states that have allowed more restaurants to resume full operations. Vaccaro has been seeing sequential comparable sales increases in the 15% to 25% range.

"While risks obviously remain, for investors seeking tactical long ideas in an environment of improving weekly sales data as more states reopen (and capacity limits are raised)," there are still restaurant stocks worth buying, he writes.

His favorites include Darden Restaurants (ticker: DRI) and Texas Roadhouse (TXRH), both of which are "best-in-class operators [with] strong balance sheets." He has Strong Buy ratings on both, and raised his price target on Darden to $90 from $75 and his target on Texas Roadhouse by $4 to $56. He also has Outperform ratings on Bloomin' Brands (BLMN), Chuy's Holdings (CHUY), and Brinker International (EAT).

Naturally this preliminary data may change, and investors will want to monitor how the situation evolves as more states take various approaches to allow dine-in seating again. Nonetheless, Vaccaro believes that selective stock buying in the sector is supported by better-than-feared sales in recent weeks.

Write to Teresa Rivas at teresa.rivas@barrons.com



(END) Dow Jones Newswires

May 20, 2020 14:58 ET (18:58 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
 

Le Chat Noir

Le Chat Noir ©
Jan 28, 2020
753
1,052
Sir, respectfully I think you are crazy for getting rid of BLMN. We are currently up 30% on them. I haven't checked the news for them lately, but they seem to be well equipped to weather this storm like CHEF.
See I had gotten out when I was positive with them before and moved that money to another stock.
Then I bought back in at the wrong time and they were my only negative.
I think they'll come back strong, I'll just wait for the right time.

Le Chat Noir
©
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
17,013
20,449
See I had gotten out when I was positive with them before and moved that money to another stock.
Then I bought back in at the wrong time and they were my only negative.
I think they'll come back strong, I'll just wait for the right time.

Le Chat Noir
©
We bought in at 8 and change I believe.