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IBDvalueinvestin (99.68)

Some surprising earnings beats this morning by some blue chip names:

Recs

3

November 24, 2009 – Comments (2) | RELATED TICKERS: CBRL , DSW , DLTR

CBRL .78 vs. .62 beat by .16

DSW  .60 vs. .46 beat by .14

DLTR .76 vs. .66 beat by .10

GCO  .53 vs. .44 beat by .09

HRL  .77 vs. .68 beat by  .09

HNZ  .76 vs. .70 beat by  .06 

 

 

2 Comments – Post Your Own

#1) On November 24, 2009 at 10:37 AM, lemoneater (78.89) wrote:

Good for HNZ. I think of it as a recession play.

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#2) On November 24, 2009 at 11:33 AM, davejh23 (< 20) wrote:

"Heinz earned 76 cents per share from continuing operations, down 10 cents per share from a year earlier."

Profits are down over 10%, which isn't exciting, but sales actually rose...which is somewhat rare in this market.  I own HNZ, and will probably be adding shares if we see any kind of pull back...with a 4% dividend, I'll probably add shares even if we don't get a pull back.

 

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