FDP (Fresh
Del Monte Produce, Inc.) is one of just four stocks that met the May 31
requirements of AAII’s Piotroki stock-selection strategy.
My 5-year FDP chart at Yahoo shows dramatic ups and downs with
less-frequent violent changes in direction in the last year or so.
My 3-month chart shows a big decline in April and a good
buying opportunity early in May and again late in June.
A consensus of Yahoo’s stock analysts holds that FDP is now a
strong buy.
As of May 31, the AAII Piotroski
stock-selection strategy was at the top of the 77 reported by AAII. None
was up in terrible 2008, but the AAII Kirkpatrick Value strategy was down that
year by only -3.7%. In 2008, the list of all exchange-listed stocks was -46.3%.
Year to date, Piotroski’s strategy was up a mind-boggling
83.7%, with annual total returns of 47.2% in the last 3 years, 39.7% in the
last 5 years, and 33.7% in the last 10.
The AAII O’Shaughnessy Tiny Titans strategy was in second
place (+30.8% YTD) and the AAII Price to Free Cash Flow was in third (+29.0%
YTD and double digits in the last 3, 5, and 10 years).
The Piotroski way of
selecting stocks is explained in detail by AAII. The first of several steps
is low price to book value.
Never
forget this: All investments and savings are gambles on the unknowable future
and thus subject to loss.
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