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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (47678)5/22/2012 4:31:50 PM
From: Spekulatius  Read Replies (1) of 78462
 
BG - bought back some shares (1/2 my initial position ) at 60.1$. I sold because I thought that BG might buy on Vitarra and that would crater the share. Well, BG did not buy Vitarra (but missed earnings) and the stock cratered anyways, so I don't see a reason to buy back some shares, with the intend to add in the mid 50's in case the stock get's there.

FWIW, I don't give too much thoughts on earnings misses with BG - they are frequent, since BG business is dependent on many factors (including weather, crops), the estimates are frequently wrong.
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