Mini-update on Chiquita Brands and Coinstar

January 13, 2011

At the beginning of this week I posted a review of some of my recommendations, citing Chiquita Brands (CQB) as an attractive purchase that never went anywhere, and Coinstar (CSTR) as a compelling short idea that had dramatically gone against me on a wave of optimism.

Imagine my surprise to see Chiquita Brands up over 12% for the week with no news I can think of, and Coinstar down after hours by about 25% on the announcement that next year’s earnings will be lower than previously projected. I find it a telling commentary on growth stock mentality when millions of dollars can vanish literally overnight because a wild guess has been lowered.

It makes me think that I should post reviews more often.

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