Chiquita Brands International, Inc. (NYSE:CQB)
The Company and its subsidiaries operates as an international marketer and distributor of bananas and other fresh produce.
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Going from red ink to black with the CEO having paid over $7 for 50,800 shares on the 18th of this month.
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This company will see great upside gains as more consumers demand fresh produce for health and ever increasing international market share of ethnic conscious fruits, juices and culinary dishes.
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Poor first quarter results caused the stock price to over react on the down side. As results improve in the next 2-4 years the stock will return to it's long term average price of $15
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good vibrations
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nothing sexy here... just bananas
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Insider Activity, Food and technology will be coveted as we go further into the 21st century
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At a 2 year low, trading at $9.58 currently, and a book value per share of :$19.36. Although profit margins are only 2.31%, CQB CEO Fernando Aguirre has recently purchased 133,000 ($1.2 million) shares, and he has a great track record of timing market bottoms based on historical trading data from InsiderScore, a firm that analyzes executive transactions. Go bananas.
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I'm going banana for this stock. Why this stock isn't closer to $12 or more is beyond my imagination. Own in real life.
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Food prices are up, and they have good jokes on there labels, always entertaining.
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Recent thumb up picks have slipped on this banana peel, but down 6% looks like a buy to me. We will see.
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I think that the CQB CEO will turn things around after his Undercover Boss experience a few weeks ago. I have pretty good hopes for CQB and their CEO.
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Here's the buy rec:
http://www.fool.com/investing/small-cap/2010/12/28/rising-star-buy-chiquita-brands.aspx?source=irnsitlnk0000001
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everyone goes for bananas
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Unusually high call volume at $25 for 3/10
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Rebound play from my previously top pick. Getting "nanners" back in my portfolio.
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nope - I'm keeping it to myself
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Growth-adjusted PE is around 2.5x the industry average.
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talking frog told me so
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