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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: Triffin who wrote (14944)3/23/2013 11:15:48 AM
From: Paul Senior1 Recommendation  Read Replies (1) | Respond to of 34328
 
re DRI: otoh, a positive piece on DRI today.

online.barrons.com

"The Bottom Line If Darden cuts menu prices and costs, its shares could rise 35% to $66. "

"...Aside from posting better earnings, Darden could have other appeals for shareholders. It could be an attractive target for a private-equity investor or activist manager because it throws off strong cash flows—an estimated $950 million this year. Cash flows support a $2 a share dividend, which equates to a 4% yield, among the few payouts in the industry...; the company confirmed on Friday that it plans to increase the payout. Darden also owns the land and buildings for 55% of its restaurants, which Penney ("Howard Penney, a managing director and restaurant analyst at Hedgeye Risk Management, who correctly called the stock's decline earlier this year") values at $20 a share. His sum-of-the-parts valuation concludes that the company is worth $66 a share."

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I've a few shares bought Feb and Mar.