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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 4:21 pm to DaBeerz
Posted on 4/10/24 at 4:21 pm to DaBeerz
quote:
Found the bag holder, you comparing freaking Cracker Barrel to Facebook and Nvidia is hilarious.
Bag Holder ?
I didn't own CBRL until I bought today.
In the Green so far, dividend incoming tomorrow.
I'm also up big on NVDA this year, as I am on Gold & Silver.
Newbie Investors tend to think that money made in tech is greener than money made in Value Stocks & Commodities.
This post was edited on 4/10/24 at 4:22 pm
1
Posted on 4/10/24 at 4:29 pm to Tiger Hoops
I ate at CB last night and just like a Wendy’s or a Popeyes, the following g is true:
They hate you for coming in and spending money. They also don’t like it if you are polite back to their rudeness.
They hate you for coming in and spending money. They also don’t like it if you are polite back to their rudeness.
Posted on 4/10/24 at 4:32 pm to Tiger Hoops
quote:
Buy today at 10 year low, Below the Covid crash price, and get a 2 percent dividend tomorrow.
Dividends are nice and all but all else being equal the stock is going to be down $1.30 when it opens 4/12. You can’t just pick up stocks right before dividends and make money that way.
Posted on 4/10/24 at 4:34 pm to Tiger Hoops
(no message)
This post was edited on 4/10/24 at 4:43 pm
Posted on 4/10/24 at 4:35 pm to slackster
quote:
Dividends are nice and all but all else being equal the stock is going to be down $1.30 when it opens 4/12. You can’t just pick up stocks right before dividends and make money that way.
Yeah, I know how dividends work.
Posted on 4/10/24 at 4:36 pm to Tiger Hoops
Fair enough, but your post implied you can just pick up 2% by buying it tomorrow. 
Posted on 4/10/24 at 4:39 pm to slackster
quote:
Fair enough, but your post implied you can just pick up 2% by buying it tomorrow.
Well, only to people that don't understand how dividends work.
Bought the stock on a huge down day, hitting a 10 year low, with a nice dividend tomorrow.
So far so good.
I love to buy things when they are beaten down, be it NVDA,META,PSLV or CBRL today.
People can't get enough NVDA at 900, but wouldn't touch it 12 months ago in the 200's.
PPI tomorrow, so we shall see.
This post was edited on 4/10/24 at 4:55 pm
Posted on 4/10/24 at 4:40 pm to Tiger Hoops
It’s an interesting play. Thanks for bringing it here.
Posted on 4/10/24 at 4:49 pm to BCreed1
quote:
Their history says other wise
What is their dividend coverage ratio right now?
Posted on 4/10/24 at 5:06 pm to DaBeerz
quote:
Found the bag holder, you comparing freaking Cracker Barrel to Facebook and Nvidia is hilarious.
Yup, this guy had an amazing burger here 5 years ago and is still paying for it.
Posted on 4/10/24 at 5:10 pm to CecilShortsHisPants
quote:
Yup, this guy had an amazing burger here 5 years ago and is still paying for it.
I remember people making cute comments like this when I bought META under $100 in 2022.
They told me that it was MySpace 2.0 and going to zero.
When I remind them, they don't want to talk about it
This post was edited on 4/10/24 at 5:12 pm
Posted on 4/10/24 at 5:12 pm to Tiger Hoops
Dude, stop with the comparisons. This is Cracker Barrel, not a $500B revenue wagon Its an interesting play for its own reasons, but this company will probably be bankrupt in 5 years
Its an interesting play for its own reasons, but this company will probably be bankrupt in 5 years
Posted on 4/10/24 at 5:18 pm to frogtown
quote:
What is their dividend coverage ratio right now?
They have increased their Dividend over the past since 1993.
Per marketbeat "and 25.99% expected annual dividend increase are based on information we have on file for Cracker Barrel Old Country Store."
While nothing is a 100% in the market, their history is just too long to ignore.
Posted on 4/10/24 at 5:39 pm to CecilShortsHisPants
quote:
Dude, stop with the comparisons. This is Cracker Barrel, not a $500B revenue wagon Its an interesting play for its own reasons, but this company will probably be bankrupt in 5 years
C'mon brother.
Go get you some Turnip Greens, Corn Bread, Cobbler & then load up on CBRL for the win !
If CBRL starts talking AI this baby is going to the moon $$$
This post was edited on 4/10/24 at 5:59 pm
Posted on 4/10/24 at 5:54 pm to Tiger Hoops
quote:
It is at a 10 year low.
It's below its Covid Crash lows.
Buy today at 10 year low, Below the Covid crash price, and get a 2 percent dividend tomorrow.
And if market rebounds tomorrow it will probably pop.
Agree with all that.
I just wanted to see if there were other good bargains.
Posted on 4/10/24 at 5:55 pm to BCreed1
quote:
They have increased their Dividend over the past since 1993.
Doesn't matter. There is a reason that this stock that was at $150 a few years back is now at $60. Investors are expecting the dividend to be cut. Period. Wise up.
"Cracker Barrel (NASDAQ:CBRL) paid its last dividend on Feb. 13 at $1.30 per share, an amount that has persisted since 2019 and contributes to Cracker Barrel’s current yield of 7.95%. Consistency is important for dividend stocks. However, looking closely at Cracker Barrel’s recent financial performance over the last year, there is room for doubt.
Cracker Barrel paid out 94% of its cash flow in dividends and over 116% of its profit from last year. These two indicators tell us the percentage of earnings a company pays shareholders dividends. And in Cracker Barrel’s case, these numbers are pretty high."
Posted on 4/10/24 at 6:16 pm to frogtown
I bought 20 shares tonight to see if this strategy pays off.
Posted on 4/10/24 at 7:25 pm to slackster
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 on 4/10/24 at 7:43 pm to Bestbank Tiger
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.
Posted on 4/10/24 at 9:16 pm to slackster
quote:
Buying it tomorrow for a dividend in and of itself is a terrible strategy.
Depends on your goal.
If you want to get in and out quickly you can snag the dividend and sell on the next green day.
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