Best Performing Stock of the Year? A Pasta Company!

The biggest pasta producer in North America is American Italian Pasta Company (AIPC). It is already 20 years since the Missouri based company was founded. 2008 has been a successful milestone in the company's history as most of other stocks are turning in returns of deep red. Last month AIPC finally left Pink Sheets after two years trading below $10, and became listed on the NASDAQ.

American Italian Pasta Company is in the defensive sector Consumer Staples, as are other food producers. Nestle (NSRGY.PK), Kraft Foods (KFT) or Heinz (HNZ) didn't perform badly compared to other sectors, but still with a negative YTD return. Shares of AIPC have around 110% performance since the beginning of the year and is one of the best performing stocks this year.

Comments

[Robert Wein...:]

Perhaps a little "too good" stock is currently overbought and setting up for a short. I would prefer to sell naked calls to capture the time element of the trade as well but options are not available on this issue.

I am NOT saying its not a good company but rather the run up in pricing is overdone.

Jan 14 10:50 AM