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Message Boards Settings Lancaster Colony Corp. (LANC) - Quote Info
Today's (July 6) Barrons has a story      4-Jul-09 08:58 am    
recommending stocks to short. LANC was not one of the primary targets of the story, but it was mentioned unfavorably in a list of 5 "Most Dangerous" stocks to watch for shorting. The complete analysis of LANC contained in the story: " It sells caviar and candles - items that consumers can easily do without in a recession and that face growing competition." Great, in-depth analysis.

Also pretty dumb. Candles make up about 12% of sales, and while I can't see that the company has disclosed sales volumes of caviar (actually the American kind of cheap caviar), I suspect it's no more than 1 or 2 % of sales. As to the comment "things consumers can easily do without in a recession", I'd guess you could make that comment about 90% of American companies.
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jrad52


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Today's (July 6) Barrons has a story
jrad52 Not rated 4-Jul-09 08:58 am  
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Lancaster Colony Corp. (LANC)

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On Nov 27: 48.10 Down 0.42 (0.87%)
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