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  • The Whole Story on Whole Foods

    Published: November 10, 2016


    Whole Foods Market (WFM:US) has generated a loyal group of health-conscious customers over the years who are willing to spend a little or a lot extra for their groceries. According to Ed Devitt, the shareholders of WFM have been loyal as well, a little or a lot too much. The stock trades at a ...

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  • Chipotle Stock: Safe for Consumption?

    Published: May 09, 2016


    Once among the most touted stocks of the decade, Chipotle Mexican Grill (CMG:US) has been under intense scrutiny after a series of food-borne illness outbreaks in its restaurants in late 2015. When stocks take a steep plunge, the value investor in all of us begins to ask “is now the time to buy?”...

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  • A Pair of Quick Ideas: General Mills & ADT

    Published: January 02, 2014

    <strong>Long on General Mills (GIS:US)</strong>
    Contributor: Carl Aschenbrenner, Formerly at Stonebridge Capital Management, Inc.
    Current Price: $49.40.
    Target Price: $60.00.
    Expected Return: 21.0%.
    Timeframe: 2+ years.
    Elevator Pitch: Healthy mix of snack foods favored by aging demographic...

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  • Spin-Off Alert: Dean Foods Stub Is A Cheap Pure-Play

    Published: March 07, 2013

    Dean Foods (DF) is spinning off the remainder of White Wave (WWAV), its soy milk division, in the next few months. DF currently owns 86.7% of WWAV. If you subtract out the value of the WWAV business, the DF stub has an implied P/E of 7.43. Once the spin-off is complete, the Dean Foods milk busine...

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  • Yum! Deserves China Discount; Not China Premium

    Published: February 08, 2013

    That fact that a $30 billion market cap company with an admirable track record of success lowered its guidance twice within a few weeks raised a red flag. It shows the business has near-zero visibility and no control of its fate in its country of operation. To add insult to injury, the overly opt...

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  • Peak Beer: Time to Short Sam Adams

    Published: January 04, 2013

    While SAM should continue to have solid y/y growth in the 1H 2013, they will no longer have the distribution tailwind in the back half of the year. Its core beer portfolio is flat y/y at best. Boston Beer, also known by its core brand name Sam Adams, is riding the US craft beer wave sending its s...

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  • Dole Is Sitting on a Big (Old) Hidden Catalyst

    Published: November 21, 2012

    A favorite catalyst of value investors is the so-called Octogenarian effect. This strategy involves identifying a business run by an individual in their 80s without an obvious heir apparent. More often than not, this type of business is usually acquired sooner rather than later. In my view, the O...

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  • Greek Contrarian Opportunities: Coca-Cola Hellenic (NYSE: CCH)

    Published: June 04, 2012

    The stock has been dumped by investors because of its "perceived" exposure to Greece, where the company is headquartered. In reality, Greece represents a mere 6% of revenues and around 7% of income. The company has a very diversified portfolio of markets and whatever happens to Greece, CCH will c...

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  • SumZero Pair Trade: Fast Food Restaurants

    Published: September 11, 2012

    <strong>Jack in the Box (Nasdaq: JACK)--Long
    Red Robin Gourmet Burgers (Nasdaq: RRGB)--Short</strong>

    <strong>Jack in the Box (Nasdaq: JACK)--Long</strong>
    Current Price: $23.86
    Target Price: $46.32
    Source: Hedge Fund. New York, NY.

    Quick Pitch: With the sale of 332 company-owned stores...

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