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- Mar 27, 2005
Purchased 2,000 shares of C earlier today and after that it just skyrocketed!
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Originally Posted by LiLcHiCo4LiFe
Purchased 2,000 shares of C earlier today and after that it just skyrocketed!
They turned a nice profit Q2, during their slowest month, which is positive news mainly due to falling raw material costs and other cost savings.People are buying because: 1) They believe the company is "recession" proof ie cheap soft drinks and other beverages like juice and water. 2) Seemsto be a likely buyout target 3) New management has turned a corner 4) Q3 should see amazing profits if everything else is held constant 5) Good longterm playOriginally Posted by andycrazn
whats the deal with COT? i was trying to read up on their earnings but i couldnt access it.
Originally Posted by LiLcHiCo4LiFe
Morgan Stanley Raises Price Targets On Large BanksLast update: 5/22/2009 11:21:55 AM
By Ed Welsch
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Large bank stocks are set to rise over the next year or two as the pace of economic decline begins to slow, Morgan Stanley analysts said Friday. The firm raised its price target on the 16 large bank stocks it covers by an average of 33% and said that most would be able to repay TARP money by the fourth quarter; it raised its price target for Bank of America Corp. (BAC) 28% to $32, Citigroup Inc. (C) 50% to $6, JPMorgan Chase & Co. (JPM) 33% to $60 and Wells Fargo & Co. (WFC) 33% to $44. In recent trading Friday, however, shares of large banks fell, with Bank of America shares down 3.1% to $11.06 and the broader KBW Bank Index declining fractionally to $36.24. Morgan Stanley's report follows an upgrade of the large banks Thursday by Goldman Sachs on a similar rationale: that there are signs of a bottom in the pace of decline in several broad economic indicators, including jobless claims, industrial production, factory utilization and home prices. Morgan Stanley's assumption about rising bank stocks rests on the projection that there was some stabilization in indicators including initial jobless claims, which fell 12,000 to 631,000 last week after a sharp spike the previous week to 643,000. The firm also said it saw signs of slowing deterioration in April in the nearly unchanged factory capacity utilization report, and a slower pact of contraction in industrial production. The firm said its projections could prove to be inaccurate if its forecast of improvement in economic indicators was overstated, which could cause higher credit costs and lower capital markets activity for the banks. Morgan Stanley did downgrade SunTrust Banks Inc. (STI) to underweight from equalweight, saying it is behind its peers in raising loss provisions, and will have to raise them significantly over the next year to catch up. Shares of SunTrust declined 6.4% to $13.64 in recent trading.
yea i sold it when it was at 1.36 and im kinda mad that i did. only if it didnt execute at that price i wouldve been holding it still. shouldvepaid more attention to the insiders buying the stock prior to the rise.Originally Posted by JC08
They turned a nice profit Q2, during their slowest month, which is positive news mainly due to falling raw material costs and other cost savings. People are buying because: 1) They believe the company is "recession" proof ie cheap soft drinks and other beverages like juice and water. 2) Seems to be a likely buyout target 3) New management has turned a corner 4) Q3 should see amazing profits if everything else is held constant 5) Good longterm playOriginally Posted by andycrazn
whats the deal with COT? i was trying to read up on their earnings but i couldnt access it.
I have been accumulating this stock for the past 6 months with an average purchase price of $2.57 CAD, but I have exited this position because I want to take in profits and looking for a lower entry point for strictly trading purposes but this stock might be too thinly traded/manipulated for this purpose. Another reason I exited is because 1) Revenues actually fell compared to this point last year because of them losing their Wal-Mart sole supplier contract 2) There is a large onetime tax benefit and other accounting gimmicks that contributed to the bottom line
3) Strong competitors like Coca Cola and Pepsi who are cutting prices on their products as we speak which will encroach into Cott's territory. Plus using a low cost strategy to battle major conglomerates in a price war is a lose-lose proposition.
Of course this is just my thoughts and opinions on this do your own due diligence.
No posting in here anymore? lol everyone got rich and isn't trying to get money anymore? Yall living vicariously through YMCMB haha