Thanks, EKS. Hadn't seen that. Reviewing my food stocks now.
I'm in this am for a tracking position in Chinese dairy producer, American Dairy, ADY. A case can be made that it's a value stock.
finance.yahoo.com.
Also, upping my position now in WMT which is down today and under $50/sh. This stock now has essentially shown nothing in past few years---I have shares bought four years ago at $45.78. And now, with the market moving, tech expected to improve (according to some talking heads), the recent and maybe continuing dash-to-trash, who the heck wants a prosaic food stock -- and a behemoth that doesn't seem to do anything?
It'll work for me though. Rather be in it for a few more shares than have the money in money-market funds. Some safety with WMT: It wasn't slaughtered at market lows, and its measly dividend (2% div. yield), which bests my broker's mm fund, has increased every year). Meanwhile company numbers keep getting more attractive-- p/bk, p/e. P/sales pretty low (relatively)-- nobody wants ole WMT apparently.
Gee, maybe I'll have to see for myself. Haven't been in a WMT since about '98. |
