Wednesday, July 2, 2008

Let's Review

At the end of April I suggested a few restaurant stocks to be sold. Let's review.

BOBE was trading @ $27. It's now around $28 but in the interim traded as high as $34. Loss!

DIN (formerly known as I-HoP) was trading @ $48. Now $36. Big Win!

Finally we have my old friend CBRL. Told you to sell @ $34. Now $22. They just warned the other day. Big Win.

So I was 2 and 1. In the winners I was right to the tune of 12 points each. My thesis that higher oil prices would hit these roadside diners was correct I'd say.

Class dismissed.

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