On 9/6/08 I wrote a note titled "TSN and PPC: Stay Short The Chickens"... we hope you did. The stock was down another -40% today. Howard Penney posted a note this morning titled "Big Bird De-Boning". Too bad Lehman Brothers isn't accountable for their August 13, 2008 "Overweight" initiation, when the stock was at $16 and they slapped a $38 target on it!
- My short term target for PPC is $1.48/share. Howard thinks it could be a zero.
Chart courtesy of stockcharts.com