Paul,
Have you read any of Peter Lynch's books? Because he talks about different industries and what to look for. Just a suggestion.
I love tech stocks and feel they are the future, but as you say so well one must diversifiy. So I like the restaurants, where else can you get expected growth from many chains at above or at 30 percent a year for the next five and plus years. That's just by moving their concept to new parts of the country. If people are eating there, that 's a good sign. For instance, what is your favorite place to eat out, fast food and nice. Then see if it is busy and then you have a potential investment.
With Lonestar Steakhouse, there is a restaurant where I live and on the weekends the wait is 2 HOURS. And people wait for it because the food is good. Another example is Boston Chicken, my parents eat there once a week. My dad swings by on his way home. They cater to the takeout. They offer homecooked meals like meatloaf, ham, chicken and all the fixings. That is the easiest research.
I'm not touting these for you to buy, but I am sold on these and all good chains (as is Peter Lynch who likes and owns and Outback Steakhouse, Lonestar's main competitor). I am just trying to find other people with the same interests in diversifying and who also follow restaurants.
So thanks and think about your favorite places to eat and get back to me.
Scott
P.S.
I also like the drug industry although it has run up and is flat as of late. My choice is Merck because they have the best pipeline for future drugs. Amgen is another one to consider. The key is the creation of new drugs and these both do well. I personally like Amgen of the two. |
