I have followed this one for awhile. They reported today and it was not all that great of a report. They are banking on the sale of their restaurant division by the end of this year... and then running with frozen foods/pre-packaged side dishes. If the restaurant deal falls thru....its game over for this dinosaur. And even if not... their "talk" about expanding their footprint in retail grocery operations is just that for now. Talk. They have 100MM share buyback in place which I suspect is being tapped to put a floor under the stock today, but there are just too many "ifs" to valuate this company at this level. That being said its thinly traded so be careful...it can spike $0.80 in ten 100 share trade blocks. Short and hold. Wait for the downgrades.
Yeah its falling hard. They'll step in here and put a floor under it pretty soon. It doesn't take much volume to save this pig. I'm out of it.
Its up $4 in 4 days on 920,000 shares total. $61 Almost time to jump back in. 66PE on a frozen food play with debt/equity of 152. They better hope their restaurant sale doesn't fall through or its Chapter 7.