Ex-Dividend date for CNOOC Ltd. (NYSE:CEO), China United Network Communications Ltd. (NYSE:CHU), Consolidated Edison Inc. (NYSE:ED), Fresh Del Monte Produce Inc. (NYSE:FDP) and Marathon Oil Corp (NYSE:MRO) is May 16.
CNOOC Ltd. (CEO) pays a dividend of $2.89 with a yield of 2.22 percent.
China United Network Communications Ltd. (CHU) pays a dividend of $0.10 with a yield of 0.49 percent.
Consolidated Edison Inc. (ED) pays a dividend of $0.60 with a yield of 4.53 percent.
Fresh Del Monte Produce Inc. (FDP) pays a dividend of $0.05 with a yield of 0.74 percent.
Marathon Oil Corp (MRO) pays a dividend of $0.25 with a yield of 1.94 percent.
Showing posts with label Fresh Del Monte Produce. Show all posts
Showing posts with label Fresh Del Monte Produce. Show all posts
Wednesday, May 11, 2011
Tuesday, December 28, 2010
Fresh Del Monte Produce (NYSE:FDP) Has Few Short-term Catalysts - Time to Get Out?
In the near term there are few - if any - catalysts that could give Fresh Del Monte Produce (NYSE:FDP) a boost, and Standpoint Research sees it as an opportunity to get out of the company after a significant increase in the share price over the last year.
Standpoint Research said, "FDP is dealing with a host of issues including but not limited to competition, pricing pressure, rising costs, divestitures, inability to grow revenues and weather-related issues. The company is dealing with weakness in many markets with little near-term expectation for significant improvement. Market conditions in Europe are complicated and there are foreign exchange risks as well - mainly versus Central America. We see the recent strength and 50% gain in the share price since Q3, 2009 as an opportunity to get out of this volatile name. We maintain our Buy rating and $18 target on Chiquita NYSE:CQB). We arrive at this price target by attaching a conservative 9X multiple to $2.00 in earnings potential looking out to 2011-2012. Recent supply declines in the industry will lead to higher prices, margins and profits in the near-term. CQB makes the bulk of its earnings in the June quarter."
Fresh Del Monte Produce was downgraded by Standpoint, and closed Monday at $24.48, down $0.48, or 1.05 percent.
Standpoint Research said, "FDP is dealing with a host of issues including but not limited to competition, pricing pressure, rising costs, divestitures, inability to grow revenues and weather-related issues. The company is dealing with weakness in many markets with little near-term expectation for significant improvement. Market conditions in Europe are complicated and there are foreign exchange risks as well - mainly versus Central America. We see the recent strength and 50% gain in the share price since Q3, 2009 as an opportunity to get out of this volatile name. We maintain our Buy rating and $18 target on Chiquita NYSE:CQB). We arrive at this price target by attaching a conservative 9X multiple to $2.00 in earnings potential looking out to 2011-2012. Recent supply declines in the industry will lead to higher prices, margins and profits in the near-term. CQB makes the bulk of its earnings in the June quarter."
Fresh Del Monte Produce was downgraded by Standpoint, and closed Monday at $24.48, down $0.48, or 1.05 percent.
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