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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 4:40 am to
Posted by FLObserver
Jacksonville
Member since Nov 2005
14498 posts
Posted on 5/8/24 at 4:40 am to
I have been out of this stock for a while but figured i would pass my experience with it to others in hopes they would stay away. It was only a matter of time before this found another 52 week low.
Posted by frogtown
Member since Aug 2017
5064 posts
Posted on 5/8/24 at 5:15 am to
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.
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