It was a mixed message. Earnings beat estimates by about 7 cents, but mgmt held to full-year earnings guidance of $3.52-$3.63. Analysts drew the conclusion that the first quarter beat was therefore related more to timing than performance. Example: 1st quarter tax rate was exceptionally low, and not likely to be replicated in future quarters.
i agree, that really bum'd me out.. i was excited to see it do well on the afterhours and pre earnings, then it just dropped this morning..i was hoping to double my money today.. do you think it will go up to 60 by sept 21st? hopefully i can make some money back
Slow grower but grower none the less. When I was in Canada they asked me,"Do you want gravy on your fries?" Every culture is different but w/ the Asians having more money I expect Heinz to be part of it.
Buy on the rumor, sell on the news seems to be the punchline today.
HNZ one steady stock more likely to see 60 than 50 through ex-dividend IMO.
There's always a side issue HNZ the slow mover, another big company comes along making a bid (Nestle, Kraft).