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Non-Tech : Kirk's Market Thoughts

COHR 191.04

-2.5%

Jan 16 9:30 AM EST

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Kirk ©

sixty2nds

To: Kirk © who wrote (17965)	2/8/2024 10:28:13 AM
From: robert b furman	2 Recommendations of 27067

Hi Kirk, To be truthful Lazarus told E_K_S about it way back when it was below a dollar. I got in at $1.60. As they increased the dividend fractionally, I'd add to it as the yield touched 4%. The recent acceleration has kept me out and has reduced the dividend yield to below 3%. Last year (after they wrapped up the calendar year, they announce earnings in the first week of March. I finished up to a round number in anticipation of the earnings setting a new record. They have been doing that quite predictably since after Covid. Covid really hurt them as a very large portion of their sales go to restaurants. They sell TOO MUCH of their product to two wholesalers. They've just recently added a third wholesaler (Brookshire Brothers) who serve the Texas market. It should reflect in much improved sales. The new and young CEO is Tim Anderson whose last job was taking a butter Brand to the national level. I think that is exactly what they should do. So glad I can now purchase their products in Texas. It's a slow but steady defensive story. Bob

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