Omega Advisors' Leon Cooperman is no fan of consumer staples stocks as his hedge fund moves to...

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The Hern Comments (79)
 
maybe, its calls like this that are responsible for the terrible performance of hedge funds this past year.
4 Jan, 12:01 PM Reply Like

kmi Comments (3844)
 
I don't have the research analysts and material they have, but my "wallet" indicator tells me a colder winter leaves less discretionary funds available to consumers.

I concur with this opinion, but grand shorts like that aren't how I invest my money...
4 Jan, 12:44 PM Reply Like

elliot_mllr Comments (804)
 
Food companies such as Nestle do not sell discretionary items.
4 Jan, 03:13 PM Reply Like

kmi Comments (3844)
 
Excuse me, you are absolutely correct, my quick readthrough somehow made me see XLY/discretionary.
4 Jan, 04:03 PM Reply Like

Uncle Pie Comments (1583)
 
Nestle is having excellent success in the emerging markets, especially. The stock's not cheap, but it pays a good dividend, and Nestle is among the most valuable brand names in the world. I'm happy to be long Nestle for the long term, short term gyrations are of little import with the world's most successful packaged foods company. Relax, and have a Kit Kat!
4 Jan, 01:33 PM Reply Like

P.H. Comments (5)
 
Poorly written article, but it is Armstrong, not Cooperman, that is short consumer staples.
4 Jan, 01:35 PM Reply Like

carlisam Comments (6)
 
Day in day out, quarter by quarter, year-by-year, I have learned this sector isn't the sexiest , but with nice divindends it let's me sleep at nights.
4 Jan, 01:39 PM Reply Like

Be Here Now Comments (1786)
 
Shorting a low-beta low-standard-deviation dividend payer is not the smartest move IMHO.
4 Jan, 03:19 PM Reply Like