I have never posted on one of these boards before, but I have read the messages often. I want to say thanks for your recommendation of LBIX on Friday. I had bought some a while ago when Freshbread mentioned it, but a bought a batch more on Friday after your post. I sold today for about a 30% gain. That is the best that I ever did in one day. Thanks.
I only sold the new stock and am still holding a lot of shares in LBIX. My take on that stock is that it should go up for at least the next year. Do you agree? Your comments would be greatly appreciated.
You're missing the boat (as usual). The key is not (& has never been) That Ron sold a slug of shares at $20, it's that he followed those sales up by dumping at every increase in the stock. Why? IMO: (1) he didn't figure PNRA would do what it did (otherwise he would have held longer); (2) for litigation purposes (dn't discount this); and (3) he knows a 'fully-valued situation' when he sees one (given the histrical context of ABPCA). Now this is all JMHO, you can continue to misread the 'tea leaves' and reaffirm your own idiodic toadie reasons -- which you already have.....
Don't you see?!? On 2nd thought, don't answer.....Good luck to all........
What is the connection between Leading Brands and Panera -- other than that you have spent the last day pumping LBIX and you usually pump Panera. And don't tell us about Jones. Just for once, stick to the subject.
I assume you didn't follow my suggestion to buy LBIX. I wish you had. I do occasionally recommend stocks on this board. I limit myself here to food and beverage stocks having some connection to Panera. Jsda is found in all Paneras and has been a wonderful stock. Please put me on ignore if you find this information unwelcome. You must prefer reading VMJ telling you for the 719th time how Ron was so wise to sell at 20. To each his own.
Ralph is excellent. He comes across as credible, as well as really competent. His monthly newsletters on the web site are a great idea and often move the stock with new -- always positive since I got in in February--information.
LBIX certainly did well today. Their earnings were outstanding. There is another beverage stock whcih you should look at though. IT is Jones Soda, about which there have been many posts here. Jones will be added to the Russell index at the end of the week. The volume which is generated when the index funds have to buy in should push up the stock by ten percent IMO. It is a nice companion to hold together with LBIX.
As you know, I own a lot of both and think they both have much further to go. The Lbix results today were amazingly good.Even after the large rise, the stock is very cheap on the relevant metrics (slotting fees are one time costs yet have to be charged up-front) and is growing very fast (40%+) with exciting new products, especially True Blue, getting distribution in major venues like Supervalue. Agree that the Russell 2000 addition will give Jsda an extra pop over the next few weeks. Barron's had an interesting article this week on the timing of the Russell effect. The bottom line: it has yet to occur, not only by passive funds, but by investors who move ahead of and with the passive funds.