Sunday Long Reads: Fortunes from songs, Prince Philip the God, Hollywood Hush Money, Secret Caves, Vanishing in North Korea
Picking shares that are worth buying at the moment is a real minefield as the situation with Covid-19 is changing all the time. It would be very easy just to sit here and say ‘sell everything’ and you could probably stick a pin in a list of stocks at the moment to pick a sell recommendation, and the chances are that it would go down, at least in the near time!
I commented on the lunatic management at Premier Foods (PFD) a couple of weeks ago HERE, who, after turning down a perfectly good bid, are circling the wagons against activist investors who want to help to start to create value by booting out the CEO. I could not agree more with their assertion that the CEO's tenure is 'five year of failure'...
I read in today's Sunday Times that: 'An activist hedge fund has opened fire on the boss of Mr Kipling cakes maker Premier Foods (PFD), accusing him of leading the company into a "zombie-like state" through "five years of failure" '
Premier Foods (PFD) is one that I have been following with interest over the past week or so since a potential offer for the company was revealed.
Premier Foods (PFD) has disappointed investors over the last couple of years but I think it could be on the verge of turning things around.
Although it can be seen on the daily chart of Premier Foods that the price action of recent months has not exactly been simple, there are certain features which are worth taking note of on a technical basis.
Premier Foods (PFD) has had a very rocky ride over the last few months, since announcing a re-financing package. However, I believe that the share price has hit bottom and that it represents a good longer term buy at these levels. Even in the shorter term it could yield a nice profit with a trade from here if it can break through 62p.
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