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Breville BRG
Hi, since the drop in feb from re $7.22 ive started adding BRG to my Premier Portfolio.
s/p $5.34 PE 14.4 Div 4.8% mkt cap $708 million. Building a durable reputable brand. Mkt didnt like POTENTIALLY losing Keurig and outlook. Exchange rate effecting atm?. Hard to read a longer termchart trend for me here.
Last edited by Joshuatree; 19-03-2013 at 11:47 AM.
Reason: POTENTIALLY losing keurig more correct att.
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Could be a good bet there Joshuatree
Regards,
Sauce
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Have them on the radar , but prefer to wait and see where price going to settle
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Thanks for comments folks.. Anymore of substance ,sauce re where you stand?
Breville has terminated Keurig dist for canada june 2013. Partly built in to weakening s/p? Could be a good op for believers today. Don't know if Keurig (Green Mountain coffee roasters) have dist for USA and if this is up for neg too?
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The potential loss of the Keurig distributorship was behind the recent big fall from over $7. Market seemed to actually prefer knowing that they WOULDN'T have a deal after 30 June than not knowing IF they would have a deal.
As they say, markets hate uncertainty.
PS....also been accumulating in the mid-fives after the big fall.
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Rev and earnings up 15-20% , s/p up $2 odd,the usa is a growing honeypot for them
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