DBI
I bought some DBI today at $15.37 Avg at 52-week lows essentially. Here is what I like.
1) Yields 6.5% and the yield is in my opinion safe.
2) Balance Sheet is solid so nothing really to worry about with the balance sheet.
3) DBI has guided for $1.87-1.97 for the current FY, I believe EPS will end up north of $2.00. The real exciting thing about DBI is there 2021 goals, they believe they could earn $2.65-2.75 adjusted in 2021. If true Can’t see how the stock doesn’t conservatively double, and possibly as much as triple considering the growth.
Conclusion: I like DBI as a domestic brand/retailer for the most part, that has good growth, decent balance sheet, and a good dividend. I think all of these have made the stock very attractive in my opinion, plus the stock is more than 50% off it’s 52-week highs, in fact since early march it is roughly dropped 50% from there. All is just my opinion, and I could always be wrong though.
