Why suggest others sell when you do not own the stock yourself? I don't go to the PEIX board and tell people to sell. I don't go to the UNFI board and tell people to sell. Your motives and your reasoning are marred by the fact that you do not own the stock. The stock is not at $4.27 anymore and it is not going back there or anywhere close. I'm hardly cocky. I'm prudent. You don't sell an organic food stock. You buy and hold it.
JK wouldn't do that for the simple reason that last year's harvest is what's supplying 2006 sales (scope the 12/31 filing or annual report for the inventory surge with explanation). If the 2006 crops withered on the vine (except strawberries!) it would decimate 2007 and they haven't issued guidance that far out.
All indications are a very good year for precipitation and they focus on areas predominantly in the rainbelt being influenced by Alberta cold fronts. A bad year in the future might mean only meeting earnings while good years will mean beating. With organic food sales pounding down the doors of America, there is no question where this company is headed.
That's rather speculative, wouldn't you say? There is no indication that weather might be bad. The company sources fruit from over 40 countries and sources ingredients from many other areas. There is no declining demand for organic food and there is certainly no declining demand for ethanol. There are two rules when using this stock that have put me up 250% in 14 months. One, never sell the stock. Two, always buy more of it. To date, no one else here can claim larger gains than those that have bought and held. I'm willing to risk all of my gains to help the organic farmers and the company. In the meantime, I'll be continuing to buy the stock and eat organic food.