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I got my portfolio lined out today and I'm ready to rock and roll! It took me so long to get underway I didn,t have time to enter my data on my stocks. Maybe I will find out how to add my
thoughts later.
My best stock of today was Cal-Maine Foods. I have owned this stock in the past and I love the company.
CALM is a one stop shop for something most of us use daily-eggs. Not real exciting,but Calm is the King off eggs and they are involved from raising the chicks to becoming laying hens,distribution and even grow some of their feed. The 2 main brands they distribute under are EggLandsBest and Farmhouse. Still not excited? Lets dig a little deeper.
CALM had sales of $ 223 million for the 2nd quarter of 2008 compared to $137 miilion in the 2nd quarter 2007. Calm reported net income for 2nd quarter 2008 of $40.2 or $1.70 per share compared to $6.4 million or .27 cents for same quarter 2007. CALM netted $2.46 for first half of 2008 and they expect to continue with this kind of profit. Looking forward CALM has a P/E of about 6. Not bad.
As I said earlier CALM was my best stock today and gained close to 10%. Apple someone said,I,d rather have eggs!!
Peace,
Don
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