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Stock discount alert: Six to think about

Posted on 6/16/17 at 11:02 am
Posted by bayoubengals88
LA
Member since Sep 2007
18897 posts
Posted on 6/16/17 at 11:02 am
1) CALM - Cal-Maine Foods (egg distributor)
Down 6.84% currently, which is a massive move for this company. There was a price cut from Goldman and it's down a lot on low volume. Could be a nice pick up.

2) KR - Kroger
Down 30% in two days...wow. A sign of the times? This is still an enormous nationwide grocer...twice the size of the Whole Foods buyout even after a quick 30% drop in market cap. P/E ratio at 10...I'd be willing to give it a chance over the next few days.

3) MRO - Marathon Oil
Beaten down due to low oil. $12.46 currently, down 15% in a month. Is it a good five year hold or will oil stay around $40-50? I'm not the one to answer that, but I'm pretty bearish on oil these days.

4) RSX - Russia Market Vectors ETF
This is a Russian index ETF. It's down exactly 10% in a month. Heavily tied to the price of oil.

5) CBI - Chicago Bridge and Iron
From $30 to $15 in three months. Down 50%. Yikes.

Honorable mention: ZOES - Zoes Kitchen
This post was edited on 6/16/17 at 11:03 am
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 6/16/17 at 11:02 am to
I also saw Costco had a nice drop today

I'm considering picking up some
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 6/16/17 at 11:03 am to
How is CBI down so much? I knows several people working there on yuge projects
Posted by Hazelnut
Member since May 2011
16431 posts
Posted on 6/16/17 at 11:05 am to
Callon Petroleum [CPE] is below $10 right now (52 week low). They're a solid company
This post was edited on 6/16/17 at 11:06 am
Posted by bayoubengals88
LA
Member since Sep 2007
18897 posts
Posted on 6/16/17 at 11:05 am to
quote:

How is CBI down so much? I knows several people working there on yuge projects

Do they have positive things to say about the company? I've never heard much good from them...of course that doesn't explain the free fall.

They seem to be struggling from the Shaw acquisition a few years ago (debt).
Revenue down 31.5% in q1 this year.
They build mostly for the energy sector...outlook not so good overall. And if they do have huge projects ongoing that might be perceived negatively as well.
This post was edited on 6/16/17 at 11:10 am
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40846 posts
Posted on 6/16/17 at 11:34 am to
Already took a position in KR, at 21 and change seems like a decent dividend play for slow growth.
Posted by 632627
LA
Member since Dec 2011
12729 posts
Posted on 6/16/17 at 12:18 pm to
I picked up target (tgt) at $50... already creeping back up.

Edit- I'm taking a shot at Kroger as well. I think amazon will wipe out a lot of traditional brick & mortar players. I don't really see grocery stores being one of them (at least for a long time).
This post was edited on 6/16/17 at 12:32 pm
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 6/16/17 at 5:00 pm to
There may. E increased competition, but target Walmart and Kroger have been around and growing dividends for a very long time. They aren't going anywhere and if I get some spare cash I will probably get into Kroger with such a ridiculous sell off.
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