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Gruma S.A.B. de CV Message Board

  • jjupita jjupita Nov 11, 2011 3:37 PM Flag

    Big move today

    anyone know why? up almost 8%

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    • Couldn't find any news but I really like the move (actually closed up close to 10%) on unusually high volume (almost 5 times the normal). This is my largest holding so I'm a big believer in GMK long term. Not the type of stock that will skyrocket overnight but their market penetration and international expansion (especially China and Europe) has the potential for this to be an easy double or triple in the next five years. Right now it seems they're sacrificing margin for market share but eventually they'll be able to improve the margins - bringing a big pop to the bottom line.

 
GMK
52.71-2.14(-3.90%)Sep 4 4:02 PMEDT