A few weeks ago, I sold my CBRL stock at 40, then watched it climb up mid-lower 40s, then sink. I got back in at 38 1/2 today because I feel this is a great long term stock. Good food, good service, and long lines to get in. :)
Expect the low gas prices to have tourist travel at a peak this summer. Bodes well for CBRL's fortunes. Rising earnings and favorable P/E trend (I see a P/E of 30+ as a possibility) could have CBRL stock pushing $55 by summer's end in my opinion. Buying this stock at $4 off its 52-week high gives me some piece of mind that investors like petetanner and I will profit handsomely.
CBRL at $55.00 by summer's end? You must be sniffing fumes from the low gas prices! CBRL stock will not get much higher than it is at this time.Perhaps an increase in stock price of nothing more than $1.00 over the next six months.And that is a very liberal estimate.