ChickenLips

Time To Start Nibbling at Restaurants?

Funniest article on Seeking Alpha yet.

Is it really smart to invest in companies you don't really know anything about? Is it smart to tell others to invest in companies you have no idea what their business model is or who their customers are?

I loved this line: "Natural gas prices have plunged, and food inflation looks now to be behind us." I guess the author never goes to restaurants or gets out of the house period. Otherwise, he would have encountered $4 gasoline to get his car to these restaurants that have freshly printed menus with higher prices on them!

I'm not sure I would be pouring tons of cash into consumer discretionary stocks right now. The economy is too weak and winter is coming up. These winter heating bills are going to kill the middle class consumer who eats at these establishments. Time will tell.