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Flowers Foods, Inc. Message Board

  • SundayTrader SundayTrader May 30, 1998 10:29 AM Flag

    I'm holding Flo for the long term

    I've been slowly divesting my portfolio of high
    P/E stocks with foward-looking PEGs of less than 1,
    thinking that the market in general will be at best
    stagnant and at worst falling in the next few months. I
    have limit sell orders on these stocks at prices that
    would give me a 50% - 100% annual yield. Some have hit
    the magic number already and have been sold. Flowers
    is not one of these. As I said in earlier posts, FLO
    is cheap when compared to their projected growth
    rate. Also, the constant dividend increases makes the
    downside potential, even in a falling market, very slight.
    Also, in a falling maket, FLO's 133% projected earnings
    growth in FY98 over FY97 should look very attractive
    indeed.

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    • I wrote "I've been slowly divesting my portfolio
      of high P/E stocks with foward-looking PEGs of less
      than 1" when I should have said: "I've been slowly
      divesting my portfolio of high P/E stocks with
      forward-looking PEGs of GREATER than 1" Anyone who sells stocks
      with PEGs of less than 1 is none too bright.

 
FLO
18.80+0.06(+0.32%)May 27 4:03 PMEDT