Collins Foods (ASX:CKF) has dropped 15% from its record high last month, as the latest announcement released explains the CEO, Graham Maxwell, has started selling his shares to fund a tax liability.
But does this mean you should sell too?
Collins Foods has seen strong growth on the back of KFC store acquisitions and the introduction of Taco Bell into the Australian market. This growth is likely to continue, along with this, a dividend increase for 2019 is just as likely.
We would suggest that the CEO’s loss is your opportunity for gain. Check out these other great stock to buy in 2019.
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