Kraft: A Tasty Long-Term Play - Barron's [View article]
Paul:
I own a little KFT and it has made me some money over the past couple of years.
You need to fact-check your numbers. I believe that KFT sold for $36.50 a share back in June 2007, thats more than 10% above the high for the year that you quoted.
I've bought in under $31 and sold out over $35 a couple of times, and collected dividends in the interim with little downside risk. I know this isn't the Buffet way, but it has worked for me.
However, your incorrect figures mask the fact that this is a stock that can be traded profitably.
Kraft: A Tasty Long-Term Play - Barron's [View article]
I own a little KFT and it has made me some money over the past couple of years.
You need to fact-check your numbers. I believe that KFT sold for $36.50 a share back in June 2007, thats more than 10% above the high for the year that you quoted.
I've bought in under $31 and sold out over $35 a couple of times, and collected dividends in the interim with little downside risk. I know this isn't the Buffet way, but it has worked for me.
However, your incorrect figures mask the fact that this is a stock that can be traded profitably.