Texas Roadhouse (TXRH)

They delivered 5.8% same-store sales growth and strong revenues, though they missed earnings. Why? They didn't cut their menu prices; they felt it was the wrong time to raise prices and they were correct. He sold some shares and bough them back after shares fell. They read the room correctly and will benefit longer term.

They reported a good quarter: same-store sales up 7.4% and an earnings beat. A steady operator with room to grow. Shares have held up well in this recent volatility.

A longtime fan of this stock and their restaurants. Yesterday, they posted a pretty good quarter with a clean top and bottom line beat and higher same-store sales. But shares were dragged today by management's commentary about the choppy month of February and today's broad sell-off. The sell-off since November has been overdone. He owns a small position that he wants to build.

Company expanding retail locations at alarming rate. Paying employees very well. Stock has been a fabulous growth story since 2004. Company has figured out how to offer quality food at reasonable rates. It is a good meal at a good price. Recent disappointment in earnings has not put a damper on stock price. Inflation cost pressure has not affected company too much. Not raising prices too much has paid off with increased customer base, and higher same story sales. By not raising prices, it has paid off for the company. Revenue grew ~15% last year which is very strong.