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Chickening Out On SAFM

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I have had quite a run on Sanderson Farms over the past few months. I sold my positions in this stock today realizing a 49%+ return (my best). Sanderson Farms at this price no longer meets my criteria as a value stock and I believe it is time to take my profit. The CFO sold his common stock which might be a sign that it is a good time to sell.

This is still a good company and I will look at it again if/when price levels ebb to lower levels and it begins to look more like a value stock again.

Thursday June 05, 2008 : 03:49 PM

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