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Post# of 376163
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MiamiGent

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MiamiGent

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Re: MiamiGent post# 375371

Thursday, 08/24/2017 6:33:08 PM

Thursday, August 24, 2017 6:33:08 PM

Post# of 376163
SJM Short (closed 107.51)
There hasn't been a lot of blood on the street lately, like recent TEVA and CBI
Today's short selection is workmanlike and hopefully will continue down tomorrow to the 105-100 levels
Smuckers (SJM) missed on earnings (1.51 vs 1.63) and sales (1.748B vs 1.813B and down 4% YoY) and lowered guidance (EPS now projected $7.75 to $7.95 vs previous guidance $7.85 to $8.05. The street was expecting $7.97)
Legacy food manufacturers are struggling to adapt to consumer desire for fresher, more natural foods. Also, margins are under pressure as supermarkets squeeze big manufacturers to compete with discount sellers.
http://stockcharts.com/h-sc/ui?s=SJM
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