With the recent spike in commodities and fuel I don't see how the 2nd quarter results will be any better than the 1st quarter. They earned 38 cents in the 1st quarter. If let's say I'm right and lets say they earn 38 cents in the 2nd quarter; how much of a haircut will JJSF get when they release 2nd Q results when consensus of opinion is for 48 cents earnings in 2nd Q results? 30% haircut? As previously stated, I will add to my position on weakness only. I like my HAIN and LNCE alot more these days. Opinions?
LNCE got a 15% haircut when they recently missed their numbers. I could be wrong, but I don't see how JJSF can make the analysts quarterly projections. I might nibble at more J & J shares and dollar cost average with J & J if they get a big haircut following the quarterly release.