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re: Cracker Barrel (CBRL) 52 week low today, $1.30 dividend, goes EX-Dividend tomorrow

Posted on 4/10/24 at 7:25 pm to
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71776 posts
Posted on 4/10/24 at 7:25 pm to
quote:

but all else being equal


I mean, it usually fluctuates on a daily basis.

Getting in today means you snag the dividend. Odds are very good that it's going to go up at some point in the near future. Then you can cash in and win twice.

Debt to asset ratio isn't bad so I wouldn't expect this one to be a falling knife. Not a bad one to hold.
Posted by slackster
Houston
Member since Mar 2009
85487 posts
Posted on 4/10/24 at 7:43 pm to
quote:

I mean, it usually fluctuates on a daily basis. Getting in today means you snag the dividend. Odds are very good that it's going to go up at some point in the near future. Then you can cash in and win twice.


There is a reason there is no pre-dividend hedge fund strategy or something like that. Buy it because you like it at the price and considering the prospects. Buying it tomorrow for a dividend in and of itself is a terrible strategy.
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