Hey guys! My monthly stock purchase is complete. This month, I was looking into different stocks to buy and decided to add some shares to my Restaurant Brands (QSR.TO) position. On November 20, 2019, I bought 11 shares of QSR.TO, therefore, I doubled my position. My purchase price was $87.24 per share.
I bought the first batch of QSR shares in December 2018, about a year ago. Back then I paid $71.70 per share. During the year, the share price increased as high as $104 and recently pulled back to $85 level. So I figured it was a good opportunity for me to add to my position. At this price the stock is yielding about 3% which is decent for this kind of business.
If you’re not familiar with Restaurant Brands, think of Burger King, Tim Hortons, and Popeyes Louisiana Kitchen. Restaurant Brands is a holding company of these three fast-food chain businesses.
If the share price continues to stay low, I will be adding to my position. I believe this company will do very well with their 10-year global expansion plans.
