Post by
oldinvestor64 on Feb 22, 2021 10:56am
worse technical chart
It is hard to find today a worse looking chart
something smells bad!
Comment by
sunshine7 on Feb 22, 2021 12:16pm
True, but history shows that that is a good time to buy. Good capital appreciation coming after earnings IMO. Lucky ones may catch a final drop on Thursday.
Comment by
wallopnd on Feb 23, 2021 11:34am
We'll have to see earnings Thursday. I think they'll be fine. I also stand by my 5%+ dividend increase. Their business has been strong over the last 12 months.
Comment by
Analystguy on Feb 24, 2021 10:59am
I wish I shared you optimism. With less than 24 hours remaining until earnings call, stock is trading at a 300 day low. THREE HUNDRED DAY LOW! I has been a constant sell since the end of the quarter. At this valuation looking for negative YoY earnings growth while maintaining a dividend per share greater than earnings per share..
Comment by
sunshine7 on Feb 24, 2021 12:16pm
Not unusual to see a sell prior to and including earnings. Sometimes trend is insightful untill it turns. When it does, its a new discussion (from a technical perspective). ... business fundamentals aside.
Comment by
wallopnd on Feb 24, 2021 2:24pm
I think the company is solid. There's almost no short interest. Maybe Mr Market just sees it as dead money. Hopefully Mr Market sees it differently tomorrow.
Comment by
wallopnd on Feb 25, 2021 7:14am
.16 to .18 per quarter, even better than I expected. 12.5% increase to the dividend. Earnings look pretty good overall. Plant protein was soft again in Q4, but 2021 outlook was for 30% growth. Animal meat EBITDA was crazy good at 134 million in Q4. Overall I'm pretty happy, particularly with the dividend increase.
Comment by
sunshine7 on Feb 25, 2021 7:41am
Yes, took care of everything but the PP business which disappointed. Will likely take a number of questions on that considering the investments they have committed to.