This will be last we will see of them! We have been wanting them gone ever since they started dumping their shares and ruining our stock price rallies for well over a year now. Good riddance to Apollo and now maybe we will have the LAST "pull back" on this news giving us one more chance to buy on a dip. Knowing that Apollo is out of our lives forever is a relief to all longs and any potential new longs who have been waiting for the Apollo dumping to be exhausted. Looking to add to my long position if we do in fact get another short lived pull back because of this news. Good luck to all Longs!
You didn't just miss the train, you missed a bullet train over at the SFM. Drop in and say hi as we are headed to 60. You may be able to trade it now after such a nice run-up. We miss your thoughts over there.
SFM Closed at $37.01 and hit $37.10 earlier today. Consider that $37 nut cracked! I think the high $39's is our next big resistance area as we try to get past the double top formed back in Jan and then March of 2014. That makes $40 the next hard nut to crack as far as I can guess. But rest assured, it will be cracked!
I am still here. $20 is still my target. That is if they can the NEC deal done and refinance debt. Water seems a little muddy on that lately. Hope to get some clarification soon. As of note: I will take $15 all day long, just like anybody here would!
Seeing some interesting action on NLEF. Maybe they are closer to some kind of acquisition that they claim to be interested in doing to "build share holder value" . They got a 4 million dollar credit line last year. The CEO has gathered a huge pile of shares. Just when everybody throws in the towel is when these things usually will take off. Something seems to be up to me.
A good Idea to sell SFM here at mid $36 range? Sell SFM to diversify? Sell SFM to try to time Market? All potentially good ideas If you think SFM will never get any higher than mid 30's again. With just over 190 stores now earnings will be around .68 for 2014.. SFM in the mid $30's now. Management is planning to add another 1000 stores which will grow the earnings exponentially. Who could really believe that SFM is forever stuck in the mid $30's or lower? Really?
If you get off the SFM train at any time to count your profits you risk missing the next departure. You will then find yourself left behind with just a head full of hope and a pocket full of wishful thinking. Sorry you are not on board with us this time dascatt. The SFM train has defiantly left the $30 station and just wizzed past the $36 station. Just because you missed this one leg of the journey does not mean you have to miss the whole trip. Maybe we will see you at the next stop?
BofA/Merrill Lynch upgraded Sprouts Farmers Market (NASDAQ: SFM) from Neutral to Buy with a price target of $42.00 (from $35.00). 1-21-2015 SFM was kissing $35.85 on the news!
The SFM train has left the $29-$30 station Weeks ago and continues to accelerate, now kissing $35. If Apollo decides to dump more shares around the next earnings in Feb It would not surprise me. The good news is that they only have around 15 million shares left to sell. I will be glad the day they are GONE and the remaining shares are held by stronger hands. Less shares for sale + stronger hands holing them + continued best in class financials/comps = higher prices ahead for SFM.
The PE was more "concerning" at 110 last year. Every time the company reports earnings the PE comes down a little bit as the TTM earnings rise. The company will grow into a lower PE as the earnings rise and make the PE fall. The fresh market (TFM) PE is at 44.78 and Natural Grocers (NGVC) is at 46.95 so SFM is almost down to those Peer levels already. More of this End of Year rally is likely because most of the Big Sellers have run low on shares to sell and have cooled off on the barrage of selling that we saw all last year. That is my guess.
SFM Closed Dec 29th at $32.96. This is the highest closing price since April 24th 2014. It is an 8 month high close as well as a fresh breakout from the previous highs seen last July. UBS is either done selling or they are slowly selling small blocks at the $33 area just like it seems they were doing at the $32 marker. $33 was a nice number to see again today. Let us hope UBS or some other large player/sellers don't hold it here for long. $43 will be an even better number when it shows up on my quote screen down the road as will the $50's... not if, but when they arrive later on!
Sticking to a trading plan is a good thing. Especially if the plan works! I stay long on SFM all the time with a core holding. When the train backs up for you.......my value drops. Oh well, I am in it for the long haul, and will exit the train at much higher mile markers down the tracks. I have, and will again buy tickets for a quick on and off ride whenever the tickets go on sale and try to generate some spending cash to support my bad habits!
The Train has left you behind now at $31.45 mile marker. Up $ 1.55 since you were at the boarding station Dec 9th. Maybe it will stop and back up for you as somebody (probably UBS) likes to unload when the train gets past the 32 mile marker. I hope it rolls your way!
Good Plan. I am just waiting for the math to play out and sell at $60. That Math is simple. IN the future, with SFM earnings at $2.40 and a worse case scenario of a 25 PE we will be looking at: 25 x 2.40 = $60 SFM. I have and will be doing a few small 3 to 5 thousand share "flips" on pullbacks here and there like you are to generate play money, but the real Mother Load will occur when I sell my core SFM holdings "rather large" pile.
Good chance you will be able to jump in and profit off another pullback...OR...the train leaves the station without you and SFM climbs sharply higher and you are not on board. You just never really know. I am looking at +21 cent $32 SFM and yet the Dow is down 51 today, Dec 1. Hmmmmmm.....
Nice job on the round trip trade for 10% or so Dascatt! Looks like you bailed out around the $32+ area to me. Sweet! I noticed that the short interest dropped by like 3 million shares recently. Maybe they realize that Apollo is running out of shares and that the Underwriters are selling the offerings on the open market at various prices and whenever they want time wise this round. Makes the old game of shorting on the offering announcements hard to play. Chart is looking better and if we can bust out and close over 32.93 on good volume it would be a nice indication of a breakout from this base and maybe a little run to the upside.