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Started By
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re: Cracker Barrel (CBRL) 52 week low today, $1.30 dividend, goes EX-Dividend tomorrow
Posted on 5/16/24 at 3:55 pm to FLObserver
Posted on 5/16/24 at 3:55 pm to FLObserver
quote:
The biggest issue with Cracker Barrel is their core demographic customer Seniors.
Plus, the food just isn't very good anymore. I ate breakfast there last week. The biscuits were small and not at all fluffy and I swear they used medium eggs.
1
Posted on 5/16/24 at 3:57 pm to bigjoe1
I used to love the country fried steak there and the last time I went I got it and it was terrible. Just a frozen country fried steak from Sysco that was microwaved
Posted on 5/16/24 at 4:19 pm to Civildawg
Their Chicken Pot Pie was good as well back in the day but that was all i liked. Hope most took advice given on this one and got out. With hardly a Div left dont see this one doing much for a while.
This post was edited on 5/16/24 at 8:57 pm
Posted on 7/1/24 at 2:47 pm to FLObserver
bump
Posted on 7/1/24 at 4:33 pm to CecilShortsHisPants
quote:
Bookmarked Eta: 62.50 at time of OP
At $40 now. Yikes.
Posted on 7/1/24 at 6:16 pm to Tiger Hoops
quote:I hope you realize when a stock goes ex-div, its price is adjusted down by the amount of the dividend when the stock opens for trading the next trading day.
with an 8+ percent dividend yield (2+ percent tomorrow).
Posted on 7/2/24 at 4:04 am to Tiger Hoops
quote:
Was NVDA a sinking ship 12 months ago when it was $263 ?
This is a great point. Very similar opportunity for NVDA and Cracker Barrel.
Posted on 7/2/24 at 9:35 am to Tiger Hoops
quote:
I added to my position today at 56.90, it's now 59. In the Green brother !
Two months ago it was 82.
52 week high in the 120's.
Upside is much greater than downside I would think.
If it sits here and treads water it is still paying a $5.20 annual dividend.
I’m not making this post to rub salt in the wound (really!). But with CBRL down almost 30% from this buy point, it’s just an indication of the risk in chasing dividend stocks that pay out an overly large portion of earnings by way of dividends.
In the (distant) past, I’ve been caught in these situations too. NAT, DOM and TUP come to mind - and that’s not a happy memory.
But when a company reaches an almost self-liquidating status because of the exorbitant div payout, and the fundamentals have a clear question mark over them, it’s best to stay away. 
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