Make Money Investing The Warren Buffett Way
I purchased $5 April call options on Wendy’s stock. This is the third largest burger franchise beneath McDonald’s and Burger King. I already own stock in McDonald’s which has performed well this year. I think Wendy’s may also see an increase in sales as consumers downgrade to cheaper restaurants.
Photos by belgianchocolate
Picked up more S&P 500 UltraShort (SDS) shares at $82 per share.
I have been dabbling more with options lately. Bought April 5 call options on Wendy’s stocks.
Bought Jan 6 call options on Saks. Not a fan of luxury retail but the stock looks oversold.
PNC bank looks overvalued at $52.69. I think the stock has a lot of room to drop.
I know Electronics Arts (ERTS) slashed earnings outlook. But if it drops down to 13 may be worth a look.
Final Thought: Maybe Office Depot and OfficeMax should merge so they can have a fighting chance against Staples.
