Thanksgiving dinner is more expensive this year: According to the American Farm Bureau, the average meal will set you back $44.61, up from $42.26 last year. Turkey prices are a big factor; they're up 8 percent (those on a budget might consider the Tofurkey, which costs around $10, and tastes good, too!) All the fixings--rolls, cranberries, and pies--are also more expensive.
So what's a stock investor to do? Charles Rotblut of Zacks.com thinks Winn-Dixie (symbol WINN) is a timely play. According to his report, the company saw a 3 percent increase in same-store sales in its first quarter, and gross margins--a measure of efficiency--also improved. As a result, Winn Dixie posted a smaller-than-expected loss of 4 cents a share. A bonus, says Rotblut, is that analysts increased their full-year profit projections. That consensus estimate calls for fiscal 2009 earnings of 3 cents per share, versus last month's forecast of a 3 cents-per-share loss.
of @ Nov 26, 2008 13:21:12 PM