Del Monte Foods Company (NYSE:DLM)
CAPS Rating:
The Company produces, distributes and markets private label food and pet products for the U.S. retail market.
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The Company produces, distributes and markets private label food and pet products for the U.S. retail market.
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Del Monte sits in the $11 range +/- $1 for long periods of time, and then drops occasionally. It is a good stock to pick up on these dips, but doesn't seem to grow long term. I just sold the stock after picking it up a year ago below $6. I'll be watching for another dip, but it will probably take some time. I just don't feel too worried about finding something else to outperform it until it drops.