RHP - This Dividend Stock Is Up 429% in My Portfolio: 2 Reasons I'd Buy More in a Heartbeat
2023-07-09 05:06:00 ET
Back in March and April of 2020, the world was a very different place. A never-before-seen virus was rapidly spreading across the world, killing thousands of people every day. We had no cure, and extremely limited resources to treat the infected. The world went into lockdown. Markets crashed. Businesses closed. It was one of the scariest times in the lives of billions of people.
It's easy to let time and hindsight bias make us forget how scary and uncertain those times were, and how obvious the market opportunities were back then. But there were wonderful opportunities for investors willing to take on some risk and give it time. My best coronavirus crash investment was Ryman Hospitality Properties (NYSE: RHP) , with shares up 430% across three investments in mid-March 2023.
Plenty of investors would have already sold, locking in those massive gains and moving on to find the next big winner. However, I firmly believe Ryman remains a top stock to buy, whether for dividends or total returns. Keep reading for two reasons I'd happily buy more.
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This Dividend Stock Is Up 429% in My Portfolio: 2 Reasons I'd Buy More in a Heartbeat