misterchan

Cal-Maine Foods: Ready to Cook

Great article, Faisal. I presently hold CALM and have previously traded it quite a few times. It is a star performer in my portfolio. Actually, it is the ONLY star performer in my portfolio. What a beautiful stock! I buy a lot of eggs, so if anyone sees them for $2.00 a dozen, let me know where. They are about $3.00 and up, except when they are a "leader" in a weekly supermarket ad. The bottom line is - I have made a substantial profit in CALM at a time when everything else I hold is suffering. And on a day like today when the market is falling apart, it's nice to be able to look at that symbol and stay calm.

Cal-Maine Foods: Eggs in One Basket

I buy a lot of eggs. As grocery price levels have increased, especially during the last year, the price of eggs has surpassed almost everything else. There are also many more "designer eggs" and some sell for as much as 5 or 6 dollars a dozen. The most economical way to buy them is to wait for a supermarket to offer them as a "leader". Also, CALM ships lots of eggs overseas, fresh and powdered. Regarding dividends, try them, you'll like them. I incorporate the use of both covered and naked calls when needed. As for CALM, I have already traded it very profitably and also got that fat dividend. At present, I am holding some shares with June 35 calls written. If they take it, I will have a respectable profit and if not, I will probably write some more. I also have written some Nov. 45 naked calls which are quite profitable now, but I'm not in a hurry to buy them back. Also wrote just a few far out 30 naked puts which are not profitable, but if I let them get exercised, I will be getting the stock at a bargain price. However, I do agree with you that you can be left with a weak stock. I have a couple of those, too. But what's perfect? Certainly not the stock market.