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re: Cracker Barrel (CBRL) 52 week low today, $1.30 dividend, goes EX-Dividend tomorrow
Posted on 5/8/24 at 5:15 am to FLObserver
Posted on 5/8/24 at 5:15 am to FLObserver
CBRL is holding a conference call on May 16th where it is believed one of the things they will do is cut the dividend.
They could cut the dividend in half and still have a 5% yield at $50/share.
Would I be a buyer of CBRL at $50 share? Maybe.
They could cut the dividend in half and still have a 5% yield at $50/share.
Would I be a buyer of CBRL at $50 share? Maybe.
1
Posted on 5/8/24 at 5:28 am to frogtown
The biggest issue with Cracker Barrel is their core demographic customer Seniors. This is one of the hardest hit groups with inflation. Many cannot afford to eat out anymore because they are on a fixed budget. I do see them cutting Div at the next meeting and this stock not doing much for a while. 50 would be a good spot to get back in.
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