RE:RE:RE:RE:RE:RE:RE:RE:17.15?!?!Yes, opportunities exist everywhere. SRV, like many restos, were screaming buys during covid but few agreed. Recently it entered overbought territory. It happens with all investments. Was it manipulation as suggested here or simple human nature of recency bias and buy high and sell low?
During covid, many bought real estate thinking the sky was the limit. I, on the other hand, sold a rental I had. Valuations became extreme and today averages selling prices are down 20% with more to come. Manipulation or FOMO? Same in tech, weed, crypto.
I'm on the side the economy will not go into a deep, skull crushing recession. Jobs are plentiful. Anyone who wants work can find it. Granted, there are risks... inflation, rates, supply chains, Putin. But, I still maintain the FED, while flying with a leaky tank and 1 wheel, is getting closer to engineering a soft landing. This is why I am comfortable with CHR, HOT, or even CSH which is my newest position. 2 of the 3 are currently green but at one point all red, as SRV once was. I don't buy into FOMO. Never works.
babedinkleman wrote: flamingo....I'm not feeling pain about missing out on any gains.....this isn't a sour grapes situation. There are plenty of opportunities out there and I've taken advantage of many over the past year. Hot.un I won't touch due to the dividend tax treatment which is a shame because as a company I'd love to own it at these prices...and it definitely has the potential to go up significantly if the economy doesn't go to shiit.
For SRV.....this is just trying to figure out what is going on with this particular stock and the maniplulation that is occuring and why. I'm not trying to talk down your stock if you still own it. And the special dividend wouldn't at all explain the recent run to just under $18 unless the people buying for that reason were complete idiots. This was by all accounts the worst restaurant chain of them all in 2019 was suddenly run up to be valued at a premium to it's peers by a wide margin.....which I can't help but comment on. The insane spreads and trading by whoever to try to prop up the share price is bizarre any way you look at it. I'll leave it at that as you seem to see me posting about it as me regretting missing the boat......which isn't the case in the least.