Feature article in today's San Diego Union on Foodmaker, by their stocks editor Don Bauder:
uniontrib.com
(you have to subscribe, but it's free) He talks about their tremendous comeback, quoting all the numbers that have made it such a great investment in the past couple of years. Hard to believe this article has anything to do with today's dramatic rise, especially since the end of the article falls on a somewhat sour note:
"However, the stock has had such an impressive run that analysts are getting a little queasy. "I would rate the stock a hold; it's not the value it was at $8," Berry says.
Foodmaker was once Leedom's favorite stock. However, he would recommend that investors take some profits at these prices. "But longer term, with the company's expansion plans, it remains a good stock," he says."
Of course it's not the value that it once was at $8, but I still believe it has further upside potential and will continue to surprise. Robert, I also sold most of my position at $20 last month, but bought back in at an average of $18. I wanted to pick up some more last week when it momentarily hit $16 1/2 during the market slide, but I had no available cash. What a steal that was! As I've said, it's been pretty easy to trade this stock, and I feel we may be ready to test the old high again.
Lots of luck,
D. Kuspa |
