50% off Premium Yearly

TSE:QSR
Caller Sold a Sept 48 Put Option. When writing a Put Option, you are taking on an obligation to Buy a stock at a certain price. In this case, he is taking on an obligation to buy a stock at $48. Similar to buying a stock with a Limit Order on a normal stock purchase but this gives you a premium that you get to keep regardless whether you buy it or not. Not a bad way to enter a position.
This company has been wonderful at growing dividends and have been doing this at roughly 15% over the last 5 years. The negative is that there is a slowing in transaction growth causing share prices to back off. There is a big question around the consumer right now so you have to be a little bit careful in fact consumer driven space.
See his Top Pick which has a much cheaper multiple but with an actual a higher yield. For him to be interested in this company, it would have to be $46-$47.