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 Sold CAG, DRI, DE

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Thump

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PostSubject: Sold CAG, DRI, DE   Fri Nov 21, 2014 3:28 pm

Looks like Conagra, Darden, and Deere were too high.
Sold Honey's, mine, and ours.

About everything was high but those were too overdone.
Pocketed the profits.
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rockhump

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PostSubject: Re: Sold CAG, DRI, DE   Sat Nov 22, 2014 9:57 am

Like pocketing profits! Agree on CAG and DRI's forward PE doesn't look that great. Deere doesn't look too bad though?

I'm in a speculative play with CVEO. Probably no less speculative than CALL though. PE less than 9 and pays a 5% divy. Got whacked for plans to re-domicile to Canada and lower energy prices in general. They provide temporary housing for oil field workers primarily in Canada. Einhorn has a pretty hefty stake.
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PostSubject: Re: Sold CAG, DRI, DE   Wed Nov 26, 2014 12:01 pm

Deere reported earnings:

DE $87.03 -0.76 (-0.87%)

Net income of $649.2M, or $1.83 per share vs. $806.8M, or $2.11 per share, for the same period of 2013.

Net sales decreased 5% Y/Y to $9B from $9.5B in the same quarter a year ago. Segment Sales: Agriculture & Turf. -13%; Construction & Forestry +23%.

For fiscal 2015, the company expects equipment sales to decrease 15%, and to be down ~21% for the first quarter compared with year-ago periods. Net income is anticipated to be approximately $1.9B.

Not as bad as could have been but nobody needs agriculture
equipment this winter.
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PostSubject: Re: Sold CAG, DRI, DE   Fri May 22, 2015 2:42 pm

92.90 Up 3.44 (3.85%)  2:03 PM EDT
_____________________________

LINK -
"Deere Tops Estimates Despite 30% Drop in Profit Amid Lower Demand
Shares of Deere (DE) were rising on Friday following the farming equipment maker's better-than-expected quarterly earnings."
_____________________________

Who would have figured? Not complaining, not sorry I sold.
Just the weirdness of the market sometimes. If I had it now
I'd sell it of course, agricultural products are selling really
low this spring, not much profit for the farmers so they're
not going to overspend for new equipment this spring.

Yahoo estimates the price in one year to be $85, I have no
idea, guessing a year ahead is pretty shaky. Not sure it'll
be that high. Deere's a good company, might get more
some time when it's priced more reasonably.
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PostSubject: Re: Sold CAG, DRI, DE   Sat May 23, 2015 7:15 am

Seems to me everything is priced too high. Apparently it doesn't matter as there are no other alternatives for return.

I have had a good first half of the year with returns beating all the indexes in my "trading account". I've done well trading a little biotech (SGYP). I think I'll hold it awhile now. They have a drug that should release phase 3 results in the next couple of weeks and it looks promising. Paulson bought a bunch of shares last quarter and Cantor came out this week with a buy and price target of $11. It had a nice run this week and I think it closed at $4.40.. Rolling the dice!

By the way, I went to your Popcorn in a browser site but it looks like they already took it down Mad
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PostSubject: Re: Sold CAG, DRI, DE   Sat May 23, 2015 9:06 am

Glad you had a good week.

Yeah, it seems like everything safe is a little high so I'll
hold cash a while longer. Haven't had a pullback since
October.

I'll look up SGYP after while.

Sad day for popcorntimeinyourbrowser, wasn't that
great except for the search anyway. Not sure if the
program you install still works or not, I'll try that later
as well.
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PostSubject: Re: Sold CAG, DRI, DE   Wed Jun 17, 2015 7:40 am

Hey Thump,
Did you jump in on SGYP? Damn fine day to be a shareholder!
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PostSubject: Re: Sold CAG, DRI, DE   Wed Jun 17, 2015 9:06 am

No, I don't "jump in".

It doesn't seem to me that a constipation drug would be
very important.  I hope it can help anyone out there
who's constipated.  All these pharma companies seem
overvalued to me.
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