10 Stocks That Will Hurt Your Retirement, Not Help It

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Stocks That Will Hurt Your Retirement: Buffalo Wild Wings (BWLD)

Stocks That Will Hurt Your Retirement: Buffalo Wild Wings (BWLD)
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Along the same line, I’d recommending dumping shares of Buffalo Wild Wings (NASDAQ:BWLD).

As a seller of primarily wings and beer, Buffalo Wild Wings has definitely not ridden the healthy and organic eating wave that pushed Chipotle to success. No, this company’s success is tied more to timeless appeal of beer and football, and the company has been in operation since 1982.

30-plus years of service might suggest that Buffalo Wild Wings has survived the test of time and that it might actually be a decent long-term retirement stock. I disagree.

Buffalo Wild Wing’s nationwide expansion is a more recent endeavor, and its success has brought a host of competitors, including Wingstop Inc (NASDAQ:WING). The fact is, wings and beer got to be trendy a few years back, and the space is completely saturated at this point, not unlike the Tex-Mex space was 15 years ago. Diners got burned out with Tex-Mex, and I think wing shops are at risk of similar diner burnout.

Buffalo Wild Wings isn’t wildly expensive, trading at 23 times expected earnings. But I’d steer clear of it as a retirement stock.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/01/10-stocks-that-will-hurt-your-retirement-not-help-it/.

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