Food stocks have indigestion.
Technicals are turning down.
Cost going up.
Consumers moving away from processed / packaged foods. Sales weak.
Tangible net worth is negative minus $5B.
Gag on CAG if you are Long.
That said, the power of Vulture Capitalists to pump up the stock price to fatten their wallets consistently surprises me. CAG to $50...you never know.
The risk is price competition that rapidly turns profits for every sale to losses for every sale.
MU needs to keep production going in order to stay in business, even if that production makes no profits.
There is a risk that a trend has started, and that further erosion in profits and revenue are coming.
CCL looking good.
How high can the ship fly?
CCL Red for a few days to consolidate, then moving higher--maybe?
Earnings are released after the close on Thursday June 15, so your warning is three days early.
RAD valuation seems a bit high. Price to sales ratio looks good. But PE around 40 and Price/Book indicate overpriced. With a small bump in interest rates, RAD could go red big time due to a jump in costs to service $5B in debt. RAD struggling to make a profit on $27B in sales is worrisome. Sell this one--IMHO Walgreen or CVS look better.
Sentiment: Strong Sell
Hain seems a bit over-priced, with a PE of over 30. UNFI took a big hit on earnings that disappointed slightly.
Hain took a dip in sympathy, but has further to fall due to over-valuation.
Down after hours? Why? The earnings and sales are good. The future looks bright.
Third Quarter Fiscal 2015 Highlights
Net sales increased 18.7% to $2.11 billion for the third quarter of fiscal 2015 compared to $1.78 billion for the same period last fiscal year
Operating income increased 10.2% to $69.0 million for the third quarter of fiscal 2015 compared to $62.6 million for the same period last fiscal year
Diluted EPS was $0.83 for the third quarter of fiscal 2015, an increase of 13.7% from $0.73 for the same period last fiscal year
Oppps! Got breakdown instead. Going down to $60 after earnings--maybe.
Hopefully, the decline is over for UNFI stock price. Business is good!
DE hit a new 52-week high on May 27. Not likely to go higher during the next few months. AG sector weakness is expected to continue into next year or even 2017. Time to take profits, and perhaps buy back later at a lower price.