Hawkins -17%, I Called It

Hawkins Inc. (HWKN) is getting killed today. The stock is down about 17% due to a disappointing earnings report.

This caught Wall Street off guard, but NOT those who have been reading this website. Six weeks ago, I wrote, Time to Sell Hawkins:

I’ve watched Hawkins for years, so it’s odd for me to see the stock become so popular lately. The shares closed at a new all-time high of $49.20 — and I say that that is way too much. If I owned the stock (which I don’t), I’d sell it right now. It’s had a good ride, but $50 is simply too expensive.

Posted by on January 27th, 2011 at 1:46 pm


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