And then there's valuation...PE in high 20s is stretched for a food stock imho.
The move is in all likelihood mostly (maybe entirely) over. Should have bought in the $30s and $40s a couple of years ago. Now the time, perhaps, to go the other way, especially now that spring/summer weak seasonals are coming.
Good luck traders.
ZION is a domina super-regional in the fast growing mountain west. Great retail presence, not much in the way of energy loans.
Soon well above $20. POT will track the big grain rally ahead. $28-30.50 by summer, maybe more.
Sentiment: Strong Buy
Nice to see Barron's commodities column agrees.
I can't even understand the allure of 2% 10 year notes. Given currency and inflation risks, why even hold bonds when you can hold fungible cash (in a checking acct) paying zero? I just don't see it. It must be a bubble.
And don't talk to me about deflation, the biggest fib of all. Rents are up. Food prices are up. Medical costs are up. etc. etc.
See no inflation. Hear no inflation. Speak no inflation.
Instead they drop the bills in the pockets of the already rich. Useless.
Instead of bread lines, cash lines. Everyone gets several fresh $100 bills every day. I guarantee a boom, followed by inflation.
And see no stock & housing bubble, hear no stock & housing bubble, speak no stock & housing bubble. Deja vu all over again.
BAC used to be based in California.