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Non-Tech : Chiquita (CQB) - Turnaround Candidate? -- Ignore unavailable to you. Want to Upgrade?


To: Robert T. Quasius who wrote (20)11/25/1999 9:29:00 AM
From: Georgeb  Respond to of 47
 
It appears that our trade representative and the EU are finally talking.
The US offered two different proposals. The EU came back with their own proposal. The Banana Republics rejected the EU proposal. At least they are talking.

Losses for the quarter ending December are 0.21, a third of last quarter. Year 2000, according to the 2 analysts who estimated, will be profitable again at 0.92/share.

I bought in at $8/share. The unrealized loss would be difficult to recoup in another stock within 6 months, so I will hold on into 2000. I believe that there is a good chance of the trade dispute being resolved in the next 6 months. A return to profitability would cause a sharp spike up in the price to at least triple the current $4 3/16.




To: Robert T. Quasius who wrote (20)1/17/2000 1:24:00 PM
From: Area51  Read Replies (1) | Respond to of 47
 
I happened to notice that the preferred issues were yielding about 16% and did some research into the Chiquita story.

Technically: Looks pretty good assuming it can stay above the 50 day moving average. clearstation.com

The Chiquita story looks like an interesting one (along with insights into why the World Trade Organization is much hated, and the US political process):
ea1.com

I didn't see anything real recent regarding the trade dispute. Most the information I find on the web portrays the EU as looking out for the interest of some small Caribbean nations, and Chiquita looking to dominate their industry. Anyone know how this is playing out??

BTW: I did pick up some more AXAS in late December when it dipped around 0.75. It seems to have stalled out at 1.25 so probably I should take some profits.

Best Regards,
Area51