08-12-2016, 08:45 AM
(08-12-2016, 01:00 AM)Jimbo Wrote:(08-11-2016, 09:24 PM)rayray Wrote: FLO
CALM
new buys
I'm looking at CALM also, just a bit lower and it will hit my number.
I'd be careful on CALM. Egg prices are still near historical lows, they lost $0.22 per share last quarter, and earnings estimates for next quarter have been cut from $0.83 to $0.24 over the last 90 days. This is a cyclical stock, and I'm not sure we've seen the bottom of the cycle yet.
I don't own, but I've seen it mentioned often lately due to the price drop, and just wanted to make sure people know what they are getting in to. Yes its seen a lot of growth in the last 5 years, but it still resides in a cyclical industry.