Posted on October 26, 2020
First up – and before we get to our trade – a word to all you true believers, who held on to SPGI through Friday’s close…
May the Holy One always favor you and yours.
You took home the full measure of the trade, walking with $6.40 on $3.60 spent.
And that’s a slim-dandy 177%.
We’re heading into the furniture realm today (again) with a look at Fortune Brands Inc. (NYSE:FBHS) retailers of cabinets, plumbings and locks, among other things.
The shares have had a most flushing run since the Batflu bottom in March, rising 173%, and putting us squarely in the camp of those who foresee a correction.
Fundamentally, the shares are expensive, trading with –
With kind regards,
Hugh L. O’Haynew