Michael DiBattista
Long/short equity

Sonic Corp: Recent Sell-Off Creates An Opportunity To Buy

The combination of emerging market instability, weak US economic data in the month of January, and the commitment to tapering by the Federal Reserve has recently caused the market to drop about 5% from it's all time high, creating a few potential opportunities in a variety of industries and companies. One company that I believe has benefited from this is Sonic (NASDAQ:SONC), America's largest drive-in food chain, which is down approximately 15% from it's recent high. With their diverse menu options, investments in new technologies, and location expansion plans, Sonic is well positioned to grow their unique brand. In this article, I will outline my investment thesis on why I believe Sonic provides growth at reasonable valuations for

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details