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MDL is an individual, low net worth investor, that manages his family's portfolio. He's essentially a value investor with an interest in value and growth in the post American world. He lives in Mexico where he is a horticulturalist. However, he has an MBA from the University of Texas at... More
  • CALM makes me nervous 0 comments
    Jul 28, 2009 9:58 AM | about stocks: CALM

    I bought Cal Maine Foods (NASDAQ:CALM) a few months ago for valuation (under 6 p/e at the time) and yield  (over 6% at at the time). However, their earnings announcement yesterday (6/27) gave me the heebeejeebees--Not because they missed expectations, but because:
    1. dividend payout = 100% and puts the dividend at risk
    2. earnings = $.43 a share and dividend yield = $.43 a share. Too convenient for my taste.

    I like the idea that they are selling cheap protein (eggs) in a long hard recession. However, the financials scare me.

    DISCLOSURE: No Postion in CALM as of today.

    Stocks: CALM
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