We will find out in a couple of days if CEO just buying low in SEC filings. The cafeteria concept doesn't fit in to the current style of restaurants that Pappas Family has. Maybe it's just a real estate play.
I did the same around Labor Day, looks like I got in too early this year. Did great last year, having doubts about this year. With their lost of business to new homes installing and older homes converting to natural gas because of price. Their delvery cost with union employees and trucks vs underground pipeline for natural gas, makes me question their future business plan now. Good luck
If you have money to invest, it should be roll over to IRA Self directing account, better yet a Roth IRA. Never worry about taxes in a Roth.
Monday is ex-dividend date, so must put in buy order by tomorrow
To get the qtry 40 cent dividend and the annual 5% stock dividend.
Even with the NAV drop, stock recovers, just look at 5 year chart on price.
You get 5 shares for ever 100 shares you own by tomorrow.
Referring to it as a split is bad example. Splits don't get taxed. They are issuing you more shares, which you will pay taxes on, so total shares on street goes up by 5%, you just own 5% more shares, which in turn pays .40 cents per share in future quarters, just like your original shares, then next year, they do the same.