Very interesting company in the beverage segment.
It is actually a bit too high for a short term investment and i would like to wait till the next correction before buying but this is a great play to put on your radar.
It is certain that their 35M$ share repurchase program does have a good influence on the price but a retrace of 0,25 to 0,40 would be great.
The reason behind waiting a bit is their last quarter were profits drop somewhat but it is still one of the largest beverage makers specialized in the private label segment.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
Get the PLAY OF THE DAY on Twitter: @investman2
It is actually a bit too high for a short term investment and i would like to wait till the next correction before buying but this is a great play to put on your radar.
It is certain that their 35M$ share repurchase program does have a good influence on the price but a retrace of 0,25 to 0,40 would be great.
The reason behind waiting a bit is their last quarter were profits drop somewhat but it is still one of the largest beverage makers specialized in the private label segment.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
Get the PLAY OF THE DAY on Twitter: @investman2
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