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Fresh Del Monte Produce Inc. Message Board

  • value_tracker value_tracker Aug 21, 2006 1:59 PM Flag

    Motley Fool Was Right

    As much as I hate to admit it, those guys were right to bail out in the mid $20's... they cut their losses and moved on, while I just doubled down at $20 and am now looking at substantial losses.

    Perhaps a lesson learned. Even so, I'm inclined to double down again if it hits $12. Even with poor operating conditions, I would think it a strong buy in the $10-12 range.

    - Value Tracker

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    • Looking at the last 10 years, it's clear that management knows how to operate the company successfully. Last year was a severe setback with hurricane and escalating fuel costs.

      If you are a long-term holder, it's a decision about how well they will come back from this. Based on the last ten years, I'm holding on. I believe positive cash flow and profits will return--though higher fuel costs will likely cut into margins some if price inreases cannot be achieved.

      Regards,
      PL_WB

 
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