Food and Beverage Sector Ideas

[gfp927z]

Yes, a great long term stock. You can't go too wrong owning McCormick. It had that huge run-up last year as a 'stay at home' Covid play, but now it's back into a more attractive range. I recently put them on my 'Contrarian Value' list (currently being updated) -


https://investorshub.advfn.com/Contrarian-Value-Ideas-30183/


Another contrarian value idea is Scott's Miracle Gro (SMG). Because of their recent cannabis related connection, the stock went bonkers last year, but had a big correction along with the broader cannabis sector. SMG is a solid long term stock, down 40% from the early 2021 peak.

I love these boring type stocks. In Peter Lynch's book 'One Up on Wall Street' he said his best long term performance came from owning dull stocks, and if the company's business also has an unpleasant quality to it (like trash haulers), that's even better. He said his most profitable stock ever was a company that owned/operated a rock quarry, lol.

Fwiw, I'm hoping we get a big correction this Fall to put the market back in a reasonable buy range. At current levels the upside vrs downside calculation just doesn't seem that favorable. Generally, buy/hold is the way to go, but I've become a lot more risk averse lately.

Looking at RIBT, sorry to see that it broke the .80 support level. The chart is definitely looking vulnerable, and needs to find some support. Hopefully it gets a bounce soon. .70 is next support on the chart, and then the band from .50-.70.

These microcaps can be frustrating. A lot of the ones I liked over the years ended up dogs (REED, SNES) and several others actually went bankrupt. Luckily I never put much money in them, and now have a $1500 limit, though sometimes up to $2500, which keeps it in the realm of fun/entertainment :o)