stock could triple AGAIN

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  • mimo_100
    Senior Member
    • Sep 2003
    • 1784

    stock could triple AGAIN

    If you received an email from the Fool with the subject

    “This stock could triple AGAIN within a few years”

    I believe this is WFMI.
    Tim - Retired Problem Solver
  • stojakapimp
    Member
    • Jan 2008
    • 54

    #2
    Did it say why they liked this stock?

    Absolutely nothing is standing out to me? Their P/E is significantly higher than the industry average, their EPS is lower than the industry average, and it's PEG ratio is over 1. Combine that with the fact that we might be heading into a recession and people aren't going to want to pay big bucks for their food (it cost me like $10 to get a salad there), I just don't see much reason why it would go up.

    Chartwise, that stock has only been going down for over 2 years, where it's trading below all DMA lines. The only positive thing I could see about this is that maybe it's doing a retracement from it's gain over the last 10 years. But even then, it's trading right at around it's 38% retracement line right now, which means it would have to start heading back up real soon.

    Comment

    • mimo_100
      Senior Member
      • Sep 2003
      • 1784

      #3
      Originally posted by stojakapimp View Post
      Did it say why they liked this stock?

      Absolutely nothing is standing out to me? Their P/E is significantly higher than the industry average, their EPS is lower than the industry average, and it's PEG ratio is over 1. Combine that with the fact that we might be heading into a recession and people aren't going to want to pay big bucks for their food (it cost me like $10 to get a salad there), I just don't see much reason why it would go up.

      Chartwise, that stock has only been going down for over 2 years, where it's trading below all DMA lines. The only positive thing I could see about this is that maybe it's doing a retracement from it's gain over the last 10 years. But even then, it's trading right at around it's 38% retracement line right now, which means it would have to start heading back up real soon.
      I could be wrong and it may not be WFMI.
      Tim - Retired Problem Solver

      Comment

      • mimo_100
        Senior Member
        • Sep 2003
        • 1784

        #4
        Originally posted by stojakapimp View Post
        Did it say why they liked this stock?

        Absolutely nothing is standing out to me? Their P/E is significantly higher than the industry average, their EPS is lower than the industry average, and it's PEG ratio is over 1. Combine that with the fact that we might be heading into a recession and people aren't going to want to pay big bucks for their food (it cost me like $10 to get a salad there), I just don't see much reason why it would go up.

        Chartwise, that stock has only been going down for over 2 years, where it's trading below all DMA lines. The only positive thing I could see about this is that maybe it's doing a retracement from it's gain over the last 10 years. But even then, it's trading right at around it's 38% retracement line right now, which means it would have to start heading back up real soon.
        The gumshoe says it is WFMI ---!!!!!!!!!!!!!!

        Tim - Retired Problem Solver

        Comment

        • mrmarket
          Administrator
          • Sep 2003
          • 5971

          #5
          It didn't triple, double or single.
          =============================

          I am HUGE! Bring me your finest meats and cheeses.

          - $$$MR. MARKET$$$

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