just as cqp and ppc. the problem is costs.and it is not gonna go away. fuel and fertilizer prices will continue to pressure earinings for all food producers.fdp will go sub 20 soon.just as it did early last year during its last earnings squeeze.
Based on the monthly and weekly charts plus cqb warning it would appear that fdp has breeched key support levels and will likely not see support until the teens.they are not in trouble like the financials but the will see very poor earnings for the forseeable future until costs pull back.
real inflation is just starting to show how damaging it is too corporate earnings. the worst is still ahead.fertilizer costs will skyrocket even if oil pulls back.i doubt that any pull back in oil will be anything but temporary too.both costs have more than doubled in 1 year. by next year we may see another double in fertilizer i hope not in oil but if we see any higher costs. fdp and cqb will see all time lows.