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Fresh Del Monte Produce Inc. Message Board

  • Emel_ Emel_ May 4, 2009 10:37 AM Flag

    Bought today...

    I bought this morning at my target of 14.

    I'll probably need a lot of patience since the market clearly is still dissing them for only making 56 cents last quarter. If only other companies had that problem, eh?

    But with a book value of 18+ and the fact that people will keep eating makes me think that patience will be rewarded eventually.

    I plan on holding for 1-2 years. If it goes to 10-12 in the near term, then sobeit. I'm hoping for 20+ on the other side of the current down cycle they seem to be stuck in.

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