I was reading last summer that beef was going to become a lot more expensive. I kinda thought it would've hit by end of last year. But I guess it just took a little longer to happen.
It's getting hard for me to understand why the stock isn't zooming up. Solid last quarter and now this quarter. I'm not all that smart. But this IS really looking like a turnaround story.
Even good news moves this stock down. So anything that isn't saying they just made a billion drives it down.
Upgrade after upgrade. Not much has changed as far as outlook. Were all the people buying this in 2013 just insane? It does seem suspicious that just about the time this starts to see the light of day there pops up something to put a kabash on it. As long as the revenue is in place. So am I.
After having moved up pretty steady in the week before the stock has bled off. IMO, this price 8.25 is a steal. The machanics of this issue has a history of moving up almost double within a year after reaching a low. May take two more reports to get the big move up.......but I'm sure it's coming.
Action in the price today suggests it is only going higher in price. 18 to 19 before next earnings imo. Thing is, the longer the news is good, the more 'coiled' the spring for this to pop up 5 bucks at next report.
qual, not necessarily. With a lack of buyers in the market today this was a perfect storm for those driving it down to take advantage of a low price just before earnings. The mere 'scale' of the volume shouldn't be confused with the action therein.
All should bounce back at least 25% of their open today by end of day Monday,
People looking to get in cheap the last week just happen to be in the right place at the right time. A general down day in the market has helped push this down to levels that will allow day traders in cheaply.
rb, at 19 SFL was a weak sister too. NS looks to be about to gain some traction.
Mark, I think most of feel that there has got to be some kind of 'crash' coming. Even though the Fed is printing us into oblivion, we still are dealing with real companies and real economies. The 7 guys who head the economy of China are certainly not the smartest guys in the room. And whatever 'crash' is going to come most likely will start with them. We saw the EURO go through the worst imo. China does seem to be slowing and with a possible energy squeeze coming, it actually couldn't come at a better time in that regard. It has become clear over the last few decades that energy is what drives economies and the politics of nations. Putin isn't in Crimea for oil. Russia is a one trick pony right now as oil and gas are what's funding it. Russia needs other resources to 'round-out' its structure as a stand alone country. Putin knows this. Just too bad he couldn't find a way to get the job done without military force.
This is setting up nicely. Historically, the price move on this stock on average could bring it from 9 to 16 this year. IMO, it no doubt will make it to 11. 25+% if we only count it getting there by Dec on an annual basis. 12 to 14 is very realistic. Put some in your back pocket and pull it out at end of year. Jim