Opinion on  Fresh Del Monte Produce Inc. (FDP)     Sector: Consumer/Non-Cyclical  >  Industry: Crops
fdp

look for reversal in stock today. went long looking for a price trgt of about 21and change.

there are only about 60mill shares outstanding. So when momentum takes hold here these shares could really get going. They give the earnings est. of low to mid 2's that gives the stock a p/e of around 7. So I say cut eps to 1.90 and a pe of10 puts us at 19per share. These are only my oppinions. Make sure you do your own homework. Hope these ideas help.

For anyone interested. Yahoo finance FDP news just put out a quick overview on thier financials. As you can see the the numbers are growing. Costs and sg and a keeping in check. I believe you will see rotation comming into these stocks as traders/investors are looking for stocks that have earnings,growth potential, and the potential for price appreciation. As other stocks are becomming overheated and overvalued. I believe FDP is fits this description. These are only my oppinions. You must do your own research go with your ideas. I hope these thoughts and ideas are helpful. 

anyone listening to bloomberg about 10:30 est am they were talking about stocks getting hit. but the sectors that were really comming on strong were food and bev stocks. This was like i said you will see rotation into these sectors that have been more undervalued because tech and other sectors have been very overheated in my oppinion. that doesn't mean they are going to crash but stocks need to take breather. Sectors rotate. these are only my oppinions. Anyone can feel free to contact me with any ideas or thouhghts they might have. I would be interested to hear other peoples investing ideas.

with the mild selling action today. the next move i am expecting is for the stock to gap up to anywhere between the 16.50 to 17.95 dollar range. the float is at a 6% plus short ratio and I don't think shares to cover are easy to come by when watching the action here. So we will see what happens. These are only my oppinions.

i believe this stock is going to between 21 and 24. I will be following the stock and looking for a re entry point if one provides itself. On todays strong move i am going take some profits. Close the trade. For those of you who followed the trade and are going to continue on in the trade congrats it was a good call.