Rotten… Well, I’m not good enough to detect this with my snout but I’ve done my own research and really don’t see huge problems for FDP. If you watch CNBC one day you realize that everyone has an opinion and none of them agree – that said, my own research makes me comfortable holding this stock. I’m damaged greater on some very popular holdings. The only thing I’m not getting hammered on is SDS and AUY gold. Here are some items to consider.
Book value per share – $22.5
Short float up slightly but this is a lagging indicator. 3.5% not such a problem and below the S&P500 avg.
Latest news that is slightly negative. Price Target Research downgrades FRESH DEL MONTE PRODUCE INC. from STRONG POSITIVE to POSITIVE. 05:00 a.m. 06/27/2008 Provided By Investars