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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

504.0. "Snapple" by ANOVAX::JWICKERT (Moe, Larry, the cheese!) Wed Jun 23 1993 01:15

      Anybody have any thoughts about Snapple? Everybody I know drinks the
    stuff. It had a nice run up last week except for a $5 hit on Friday. Is
    this stock just a fad like the casino stocks or is it a worthwhile
    investment?
                                                       JRW
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504.1ZENDIA::FERGUSONYour recipe is so tastyWed Jun 23 1993 13:161
what is the stock at right now?
504.2up 1 & 3/4ANOVAX::JWICKERTMoe, Larry, the cheese!Wed Jun 23 1993 13:511
    37 & 3/4, up 1 3/4 yesterday (6/22).
504.3too hot to touchNOVA::FINNERTYSell high, buy lowWed Jun 23 1993 13:577
    
    There've been a few comments in Barron's of late; none of them
    positive.  The market cap/sales ratio is, or should be, intimidating 
    to anyone considering a new purchase.
    
    In the words of one, if syringes had been found in Snapple instead of
    Diet Coke, all their competitors would have copied them!  :) 
504.4Fad-ishUSCTR1::BJORGENSENJust another ASEL....Wed Jun 23 1993 14:107
The Journal has also had a few comments over the past several weeks.  The
comments were not exactly positive and suggested that it *could* be one
of those fads to stay away from.  Personally, there are some other picks
out there that are better suited for my portfolio.


- Brian
504.5MSBCS::SHAHWed Jun 23 1993 17:207
    
    Dan Dorfmann of CNBC had this on his list of TO AVOID stock. He
    mentioned that the stock was way over priced and is for a fall in next
    couple of months. But then again in his words, that's one man's
    opinion !
    
    /Alkesh
504.6SUBWAY::SAMBAMURTYRajaWed Jun 23 1993 17:582
    and one of the reasons it went up last week was due to short
    covering...
504.7Up againANOVAX::JWICKERTMoe, Larry, the cheese!Wed Jun 23 1993 20:361
      It closed today at 39 & 1/4, up 1 & 1/2.
504.8NETRIX::michaudJeff Michaud, DECnet/OSIWed Jun 23 1993 21:422
	Didn't Snapple stock split recently?  CNN HN had talked about it
	for a couple days when it was running up fast.
504.92 for 1ANOVAX::JWICKERTMoe, Larry, the cheese!Wed Jun 23 1993 23:174
      Yes, it just split 2 for 1. I'm not certain of the exact price it
    split at but I think it was somewhere around $70. It's IPO was I think
    $19 about 6 months ago.
                                                           JRW
504.10THPPT::LAPINEThu Jun 24 1993 19:104
NBR reported that there is significant concern about future earnings at 
Snapple because of intense competition, especially in the iced tea area.


504.11Many more to choose fromANOVAX::JWICKERTMoe, Larry, the cheese!Fri Jun 25 1993 02:007
      I stopped in the local beer distibutor last night and noticed a full
    array of ice tea brands that I never saw before, showing that everybody
    and their brother is jumping on the bandwagon. Maybe this is like the
    wine cooler fad that fizzled after an initial jump in sales. I
    appreciated all the inputs. Thanks.
    
                                              JRW
504.12AOSG::GILLETTBut that trick never works!Sun Jul 11 1993 05:1012
Yet Another Data Point:

Barron's today, in their "Big Money" poll lists Snapple as one of the
favorite shorts of the big players.

Another article in Barron's describes big moves like this as bandwagon
moves where lots of folks jump on just before it goes over the cliff.

Look at the fundamentals as well as market emotion!

./chris
504.13ITS A BUY SIGNAL!GRANPA::FTAUBENKRAUTFri Jul 23 1993 04:0812
    WHAT'S THE OLD SAYING WHEN EVERYBODY IS NEGATIVE ITS TIME TO BUY!!!
    JIM YOU SHOULD HAVE CALLED ME ON THIS ONE....  THEY FIXED ALL THEIR
    DISTRIBUTION PROBLEMS IN THE WEST COAST.  WHEN THEY DID HAVE SHORTAGES
    THEY MARKETED IT AS "THE GREAT SNAPPLE SHORTAGE".  SALES INCREASED BY
    NINEFOLD..  THERE IS A COUPLE OF LOCAL DISTRIBUTORS I FOLLOW THAT ARE
    BOOMING WITH SNAPPLE PRODUCTS.  THEIR MARKET IS NOT JUST ICED TEA.
    
    MAYBE I'M PARTIAL, BUT SNAPPLE ICED TEA BLOWS AWAY LIPTONS OR NESTEA!!
    
    STILL A BUY......
    FRANK T. 
    
504.14NETRIX::michaudJeff Michaud, DECnet/OSIMon Aug 16 1993 22:142
	Did I hear right.  Did snapple really split again today
	(or planning to this week)?
504.15YESMSBCS::SHAHTue Aug 17 1993 13:592
    
    YES, Snapple announced a split yesterday.