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Fresh Del Monte Produce Inc. Message Board

  • yalni07 yalni07 Dec 5, 2007 1:06 PM Flag

    Buy signal triggered

    Yestaday, 10-DMA crossed up over 50-DMA.
    Today, it gapped up.
    Very good strength.
    1-month target: $45

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    • You may be right about the $45 because in the short run stock prices are irrational, but I think this company is a poor investment. The profit margin is way too thin and the earnings are very erratic. They are subject to many variables, weather, crops, market price gyrations all of which are greater an less predictable than most business. Any shortfall in revenues is devestating to their bottom line. I think a forward PE of 10 is generous for this businesss. I'm speaking as one who owned this stock for a couple of years and decided my money would be better spent somewhere else. I'm open to your contrary opinions if you can make a logical case. WW

 
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