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Re: None

Thursday, 01/18/2024 11:47:25 PM

Thursday, January 18, 2024 11:47:25 PM

Post# of 795
I was surprised to see this trade down during / after the conference call. Maybe I'm misreading it, but Kruger basically announced a 3-year contract with Wal-Mart, discussions with another "huge" customer (going as far as saying he thought they were going to place an initial order 60 days ago), and seemed confident on margins remaining high. They never put out a release regarding Simplot, but I imagine they're one of the 3 current "major customers."

I'm guessing people sold because of a "softer" Q3 and because he wasn't as confident now that FY 2024 sales would beat FY 2023. Seems a bit short-sighted to me.

I don't put a lot of stock (no pun intended) in the stock buyback announcement (volume's not high enough to buy in the market and who knows if any shareholders will offer to sell shares...maybe if Bill, the old CFO, wants to sell his shares now that he's retired), but it's definitely not a negative.
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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