Consumer Goods Sector Report 2/27
Well, the market took a dive today...thank you Asia. But, we all knew a correction was coming, and it's probably not over yet. TIF lost about 5.6% today, but we're still up 2.7% since we bought it. CHKE lost 4.5% today, but we're still up about 13% since we bought it. TM lost almost 3% today, putting us down 1% since we bought it.
Toyota also announced today the location of its 8th North American plant, to begin producing Highlanders and other Toyota vehicles in 2010: Tupelo, Mississippi (birthplace of Elvis). The plant will cost $1.3 billion to build and will bring 2,000 new jobs to the town, that actively pursued Toyota (among locations in 24 other states) to get the plant.
TIF saw some gains this week (prior to today) as the Trian Fund Management, a hedge fund, took a 5.5% stake in the company stating that they believed TIF was undervalued. Tiran
is reportedly holding meetings with TIF management to discuss performance improvement. We may make some more money on this stock.
Today Standard & Poor's upgraded P&G from neg to Stable due to strong operating trends and improving debt leverage---P&G is going to issue $4billion in bonds denominated in dollars and euros. They too took a bit of a dip today, but are back up slightly in after hours trading. I still think they may be a good buy and hold, look for a proposal sometime after spring break when I have time....unless someone else wants to do a proposal?
Hansen Natural Corp. (like I talked about in the last post) released 4th quarter and 2006 year end results today, their sales were up 74% to $605.4million from $348.9million in 2005. According to the WSJ, Hansen Natural was the best 10-year performer according to the Shareholders Scorecard (see article below)...but will they rise much further? Goldman's analyst says maybe not and downgraded them to neutral from buy. But overall analysts are split between buy and hold. Lets still think about buying with an investment horizon of a few months to a year....anyone want to look into a proposal on this?.....maybe people will need energy drinks to stay up nights and figure out how to cope with this market correction?
Hansen Articles:
http://online.wsj.com/article/SB117225156965517431.html?mod=yahoo_hs&ru=yahoo
http://biz.yahoo.com/ap/070227/hansen_outlook.html?.v=1
Toyota also announced today the location of its 8th North American plant, to begin producing Highlanders and other Toyota vehicles in 2010: Tupelo, Mississippi (birthplace of Elvis). The plant will cost $1.3 billion to build and will bring 2,000 new jobs to the town, that actively pursued Toyota (among locations in 24 other states) to get the plant.
TIF saw some gains this week (prior to today) as the Trian Fund Management, a hedge fund, took a 5.5% stake in the company stating that they believed TIF was undervalued. Tiran
is reportedly holding meetings with TIF management to discuss performance improvement. We may make some more money on this stock.
Today Standard & Poor's upgraded P&G from neg to Stable due to strong operating trends and improving debt leverage---P&G is going to issue $4billion in bonds denominated in dollars and euros. They too took a bit of a dip today, but are back up slightly in after hours trading. I still think they may be a good buy and hold, look for a proposal sometime after spring break when I have time....unless someone else wants to do a proposal?
Hansen Natural Corp. (like I talked about in the last post) released 4th quarter and 2006 year end results today, their sales were up 74% to $605.4million from $348.9million in 2005. According to the WSJ, Hansen Natural was the best 10-year performer according to the Shareholders Scorecard (see article below)...but will they rise much further? Goldman's analyst says maybe not and downgraded them to neutral from buy. But overall analysts are split between buy and hold. Lets still think about buying with an investment horizon of a few months to a year....anyone want to look into a proposal on this?.....maybe people will need energy drinks to stay up nights and figure out how to cope with this market correction?
Hansen Articles:
http://online.wsj.com/article/SB117225156965517431.html?mod=yahoo_hs&ru=yahoo
http://biz.yahoo.com/ap/070227/hansen_outlook.html?.v=1
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