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ConAgra's (CAG) recent earnings were not very impressive, at least at face value, but investors...
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Sunday, June 27, 2010, 2:05 PM ETConAgra's (CAG) recent earnings were not very impressive, at least at face value, but investors should look beyond the headline numbers, writes Ockham Research. The stock appears underappreciated and value investors would do well to consider the packaged foods maker.
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That makes about the same amount of sense as a couple of weeks ago when GS et al celebrated the worst retail numbers in at least a decade by running the retail sector up 7%. It lasted a day or two and the sector has been tanking ever since. They can only suspend logic for so long before reality once again becomes a reality. "The stock appears underappreciated". Lol. Now there's a reason to buy when the market is showing every sign of having topped. We (the average investors) aren't Warren Buffett. We don't have the ability to wait 5 years for the stock to return to this level so that we can then brag that we "bought and held" and now have a profit.
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