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Rocky’s Weekly Stock Picks

Consumer discretionary isn’t looking great right now, unless we’re trying to buy into Bed, Bath, and Beyond on the cheap!

  1. BBBY - $7.00/share, options trade weekly. We’re on board.

  2. FATBP - $17.43 a share, ex-div in 2 weeks. Dividends are $0.17 per share per month. Nice!
    This company operates some 2200 restaurant units across 17 brands. Despite being in a risky and volatile industry, they seem pretty solid.

    Holding preferred shares gives us an extra layer of protection against a worst-case scenario.
    Coupon price is $25, Call Price is $27. WOW! Callable at any time, these shares are otherwise cumulative and perpetual.

    It looks like Robinhood allows trading of this security. We aren’t sure if this is a one-off, if Robinhood is trading preferred shares now, or if we just saw fake news. YMMV.

  3. ORC - $2.91/share, $0.045 monthly dividend. We expect this to drop to $0.035 next quarter. The actual return is supposed to be around 10%,. Ex-div 6/29

  4. CHMI - at $6.82 a share, now’s a great time to get into Cherry Hill Mortgage. Ex-div is 6/29. A 15.84% annualized return is paid quarterly. History shows a recent special dividend as well, which is always nice.

  5. RDBX - $9.75/share, weekly options. This has been pretty volatile lately, but we’re going to proceed with caution. We feel that maintaining a $6 average price is far more likely than $10.

    The news feed reports that Reddit users were doing a short squeeze on multiple securities, including Redbox, which would explain it’s current price.