Thursday, August 10, 2006
Defensive Zip
I am sick of looking at soup and soap stocks going up, enticing me to buy them. So, I have decided to block them out, most likely to my own detriment, in order to find something with a little more zip.
Anyway, I am seeing a lot of buying in Boston Beer Company (Sam Adams), ticker SAM ($32.40). Although, I do not like buying stocks at 52 week highs, I feel SAM may continue its drunken stupor up, as it remains a prime takeover target.
Also, The Pantry, ticker PTRY, looks damn cheap down at $43.99. As a matter of fact, I think its on sale. The Pantry owns and operates "Kangaroo" convenience stores near highways. Moreover, they sell gas. Damn good business if you ask me.
Finally, here are some other "defensive" stocks that look good: ALCO (citrus, sugar in Florida), RAH (a bunch of second rate food products), MKC (boring spices).
NOTE: Chipotle Mexican Grill (CMG @ $49) is now subject to a bear raid, getting ripped to shreds. I like the food, but I think the stock goes to $40.
Anyway, I am seeing a lot of buying in Boston Beer Company (Sam Adams), ticker SAM ($32.40). Although, I do not like buying stocks at 52 week highs, I feel SAM may continue its drunken stupor up, as it remains a prime takeover target.
Also, The Pantry, ticker PTRY, looks damn cheap down at $43.99. As a matter of fact, I think its on sale. The Pantry owns and operates "Kangaroo" convenience stores near highways. Moreover, they sell gas. Damn good business if you ask me.
Finally, here are some other "defensive" stocks that look good: ALCO (citrus, sugar in Florida), RAH (a bunch of second rate food products), MKC (boring spices).
NOTE: Chipotle Mexican Grill (CMG @ $49) is now subject to a bear raid, getting ripped to shreds. I like the food, but I think the stock goes to $40.
Comments:
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I don't like MO-- only because it is too obvious.
I gravitate to non-obvious idea.
If that makes any sense to you, thank you for understanding:~
I gravitate to non-obvious idea.
If that makes any sense to you, thank you for understanding:~
In with you on pantry. Got in about 44.30 and change. Where do you think its headed and in what time frame?
# posted by 
: 10:46 AM
: 10:46 AM
"In with you on pantry. Got in about 44.30 and change. Where do you think its headed and in what time frame?"
Many short sellers are diving into PTRY. The chart looks awful and the business is great.
Unless there is some future news even out there to justify the stock getting ball and chained; I think the stock is $55, inside of 6 months.
However, my discipline will not allow me to hold a bad chart forever.
So, should it breach $40, I will stop out for a loss.
Understand: the chart is so bad, it is drawing in alot of short sellers. But, with good numbers, those shorts will be fuel for your fire.
If you are going to buy-- please buy in small increments on the way down.
Many short sellers are diving into PTRY. The chart looks awful and the business is great.
Unless there is some future news even out there to justify the stock getting ball and chained; I think the stock is $55, inside of 6 months.
However, my discipline will not allow me to hold a bad chart forever.
So, should it breach $40, I will stop out for a loss.
Understand: the chart is so bad, it is drawing in alot of short sellers. But, with good numbers, those shorts will be fuel for your fire.
If you are going to buy-- please buy in small increments on the way down.
The only thing that scares me about Pantry is there future earnings expectations point to negative growth. Not a good sign. 43$ share seems like good support.
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# posted by : 6:07 AM
: 6:07 AM << Home
