Sales fall 4% (iffy management causing some problems, high fuel prices, higher competition resulting in cheaper banana prices) - stock drops 35% from already 52 week low. This is bad - however, CQB will eventually recover. They have a history of having bad quarters like this in their 100 year life span. They have a history of "iffy" management and higher/lower periods of competition. Banana prices are always being slammed by something. Buy LOW!!!!!!
they could be in chapter 11 in a few quarters, have you NOT listened to the conference call??? They're in violation of their covenants as we speak...if the lenders dont ease the covents they will be forced to go into chapter 11...lol