DIN
I brought Some DIN today at $44.34 avg. Here is what I like.
1) Dividend Yield- DIN Pays a healthy dividend, in fact they pay a 4.6% yield at where I brought it. So you get paid while you wait.
2) Earnings and Guidance- DIN Earned a adjusted $6.65 in fy 23. Based on Guidance I think they will earn somewhere between $6.75, and $7.25 in FY 24. Furthermore Sames store restaurant sales should be positive in fy 24 on both segments of the business.
3) Valuation- Trading at just 6 times earnings estimates. For example BLMN is trading 11 times, and EAT is trading at about 12.5 times. Hence DIN is trading at a huge discount to it's peers, and had the largest divy of the three. Hence why I'm attracted to it. If it geta 10 multiple, the stock could be a $70 stock in the next 12 months.
Conclusion: I believe DIN is very attractive here near 52 week lows, the stock was at $100 several years ago. Stock trades at a huge discount to it's peers, which I feel is unjustified. And you get paid 4.6% while you wait. Hence why I'm attracted to it. All is just my opinion, and I could always be wrong though.
