Holding CAKE due to dividend yield and long-term growth potential; current valuation is acceptable.

Cheese Cheesecake Factory up 8,400.

And jeez, Cake Factory, the greatest stock in the world, up 70%.

Okay, Cheesecake Factory. So, Cheesecake Factory done amazing for us. $29,000 in gains here. It's a 7% waiting here. Cheesecake just doesn't interest me in selling this one either.

And the reason being is it pays me out those fatty dividends every 3 months, right? Which, keep in mind, from my cost basis, those dividends actually are pretty significant. Like a lot of the shares I have, I'm getting like a 3% plus yield on those just for holding them, right?

But additionally, when it comes to Cheesecake Factory, like why do I need to run out of that stock? They get the next 10 years of growth ahead. So, what is the point? Like, what is the point of running out of cheesecake?

So, that that's my perspective on that one. It's just continues to be a hold. If it ever got really overvalued, like the forward P went to like a 35 or something, uh, then I would probably position out or, and when I say position out, I still don't mean sell it all, but I would sell a big portion of my shares.

But right now, forward P on Cake is probably realistically 20-ish. When I got a company that has a 10year runway of growth ahead, why am I going to position out when the forward P is maybe a 20, right? So, that that's my perspective on cake

Cheesecake Factory. Look at Cheesecake Factory. This is another perfect example of a contrarian buy. No one wanted this stock back in 2023, 2024. I was gobbling up shares at 32, 31, 31, 30,30, right?

And now we're sitting on $29,000 of gains. This doesn't even include all the dividends received. And I've averaged up on Cheesecake over time. My average is now $40.75. And so, man, can it pay off, but keep this in mind, it doesn't always work, right?