Another good quarter, but an almond & peanut butter recall announced yesterday.
Affected brands: Arrowhead Mills & Maranatha, but also private label almond butter from WFM, Trader Joes, KR & SWY. I guess the cat's out of the bag re who manufactures those comanys' almond butters!
Interesting that the FDA's release (and various media outlets) identify nSPIRED Natural Foods, Inc. as the company that initiated the voluntary recall; of course, nSPIRED is a sub of HAIN.
KMI is a perfect holding in a ROTH; I love the tax free dividends (that I have been reinvesting)! I've been long KMI for a few years and added a small amount earlier this year during the college hockey player turned analyst turmoil.
Nice website for West Side Market! Presumably the stores are just as attractive.
Although the company has been in business since 1965, I don't think the Broadway store (97th St - 98th St) existed when I lived in the area which I affectionately referred to as SOHA! There was a great old school barber, the Broadway Barbershop, on Bway between 103rd and 104th Street that not only was memorialized by an Ed Koren New Yorker cartoon, but when Mr. Kay finally closed shop, its contents went into the Museum of the City of New York.
Times have changed as have consumer eating habits! (had to bring this post back to being somewhat on-topic.
sno, you are simply ruthless with your counter-posts!
You write that I "can't read", well I "say" you can't write; I presume ESL.
Re your comment about breakfast at MCD's:
I have NEVER had a fast food breakfast.
It has been over TEN YEARS, since I have eaten any fast food from MCD, BKW, WEN or other similar food outlets, BUT I recently completed consuming salmon once a week for the years!
You're (or is it "your" lol) not a clairvoyant.
P.S. I do not have the bulk of my investments in just one stock; to do so would be idiotic! Translations: anyone overweighted in one stock is an idiot.
Why not just sell the warrants?
That said, I presume once one exercises their warrants and receives KMI shares, it's just like purchasing a stock; you can sell whenever you wish.
"GOLDMAN DOES NOT PLAY GAMES"
As I have noted before, looking at price targets are fun, but take them with a large grain of salt.
Different part of Goldman:
"Kinder Morgan Inc., the biggest U.S. pipeline provider after buying El Paso Corp., won a Delaware court’s approval of a $110 million settlement of investor lawsuits over the 2011 acquisition.
Chancery Court Judge Leo Strine in Wilmington said yesterday in court that the accord provided a “very large monetary settlement” of El Paso shareholders’ claims they were shortchanged in the $21.1 billion buyout by Kinder Morgan and that El Paso financial adviser Goldman Sachs Group Inc. (GS) had conflicting interests in the deal."
Apparently I confused lack of professionalism with boredom! LOL.
If you are right about Ed and Julie being bored, there may be hope that some day The Family will sell out. (Mom probably has a tad of influence). I have guessed that there are emotions involved; keeping their dad's vision alive...I'm not sure if their dad's vision also included milking the company.
Scary thing is like father like daughter/son. Michael also invested company funds in EQUITIES--so very, very strange.
Great product, but subpar management.
I'd be very surprised if LWAY is not contacted several times a year re selling out.
On another note, not that I'm a fan of it, but what happened to the "annual" dividend?
The two dividends that were paid were disbursed on 6/28/13 and 6/29/14.
So much for consistency.
"could the planet have 2 bigger kweerz LOL"
Let's start with the juvenile posters on this board, mr. "manjuice4u2swallow".
At your next family gathering why not announce to all in attendance the name(s) you have chosen to post with; what kind of reaction will you get?
My last post contained macro concepts that are valid and would be appreciated by intelligent people:
Don't bet the farm on a speculative stock
"dividend was paid on 8-15. it's normal to see that reflected today."
I disagree; the ex div date is relevant and that was 7/29. Buy on or after ex date and you don't get the next payment...share price on ex div date reflects not receiving the next div.
I'm curious if your investment portfolio is heavily weighted with VAPE. Your topic states that you "bought 10K MORE" (my emphasis).
When I was young, I lost a few bucks in speculative stocks (and made a few bucks as well). Be careful and don't bet the farm.
I never state how much I have invested, nor how many shares I own of a company. "Talking" percentages is much more powerful.
IMO, lil LWAY is too small a company for KO to care--$220M market cap and last year's sales were under $100M.
But...IF KO, or any of a number of successful consumer product companies, were to acquire LWAY, I agree that they could grow it "10 times faster" than The Family.
Of course, the obvious buyer would be Danone, given their 10+ year (give or take) substantial (relatively speaking) investment in LWAY.
As I've written before, Mom, Julie and Ed have a great thing going. Until they get bored, I just don't see them selling out. Have you seen the annual compensation raises they have received (Mom's may have declined a bit, but she's doing just fine).
I see potential with the product and that is why I remain long.
Sadly, I remain unconvinced that The Family has the skills necessary to allow LWAY to realize its potential. Have you ever listened to a LWAY conference call? Listening to Julie and Ed does not instill much confidence.
I was pleased when I heard Carl had taken a position in HAIN. At the time, HAIN's share price was much lower than today. My take back then: either Carl is going to force a sale at a higher price or he was being a value investor. As noted, he did well, as a value investor, during the short time he held HAIN.
I'm a former WFM long; I remain long HAIN. I bought HAIN before Irwin or Jim got on board...I do like Jim's take: buy the arms dealers of the nat/organic business; more retail stores, whether WFM, SFM, TFM etc. presumably equals greater sales and profit for HAIN.
(sorry for the soft pump; not my intent, since I don't believe pumps via message boards are effective for any of the stocks mentioned above given their market cap.)
P.S. I am a frequent shopper at WFM.
So far, at it's "worst", WFM traded 2 CENTS below its close, hence there has not been a "sell off"...do you feel better now?
snow, wow! you got me good! How could I counter such an explosive post?
Remember (actually I don't think you will know what I'm writing about, nor do I believe you have the ability to remember, but what the heck) what Leona said about paying taxes!
rdietsche, I'm listening! You would sell because you have the ability to remove emotion from the investment equation; or in other words, you are a logical person.
snow, on the other hand...
I do recall she once stated the reason why she didn't want to sell her inherited shares in one fell swoop: taxes. Yeah, that made zero sense.