How to Buy Sonic Stock
Sonic Corp (SONC) has more than 3,500 drive-ins across America--80 percent of these are franchised--making it the country's largest drive-in chain. This drive-in giant first started as a small root-beer and hamburger stand in Shawnee, Okla. More than a million customers visit Sonic daily. Sonic Corp. can make a solid investment for anybody's portfolio. For 21 years, Sonic has had positive same-store sales and a five-year average of 15 percent annual earnings growth.
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Instructions
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Buying Sonic (SONC) Stock Made Simple
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Research Sonic Corp.'s financial reports, which are provided by the Securities and Exchange Commission (SEC). This will tell you if Sonic has earnings growth, cash flows or any debt--all are important in deciding whether Sonic is a company to invest in.
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Pick a qualified stockbroker or financial adviser. They would be able to execute any trades that you wish to make. Brokers have direct access to which you do not. You cannot buy Sonic stock through the company. You can go to a broker in person, or discount brokers can be used through an online trading service like Scottrade.com or Sharebuilder.com.
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Watch your portfolio carefully. Stocks fluctuate often. You need to know when to sell for profit, buy on a dip or cut your losses.
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Tips & Warnings
Buy in increments by using the cost dollar average. This allows you to reap the benefits on any uptrend. Check your portfolio at least once a day. Know where you are at. You could miss the time to buy or sell.
Research is the most important part of invest. Know thy stock. Stocks have risk, and blind trades are dangerous.
