Tuesday, November 11, 2008

Trying to find bright spots in the market

Here's one dramatic cosmetic change:

Royal Bank of Scotland Group plc
Financial - Foreign Money Center Banks - United Kingdom

On November 7, 2008 Royal Bank of Scotland Group plc (RBS) completed a reverse split in the ratio of 20:1 of its ADR shares traded in New York.
This reverse split was first announced on Oct 30,2008 (Source: RBS Investor Relations Site):
...Only time will tell if the reverse split will be successful or not in the long run

Seriously, I noticed at the bottom of the Finviz.com website, which I have recommended before, there is a line of stocks toward the bottom that channeled up today, such as

Total: 3 #1

They look interesting. These stocks are good for keeping an eye on, but I am not recommending leaping before looking. Then there are some more trending up, and the first looks quite good:

Diamond Foods, Inc.
Consumer Goods - Processed & Packaged Goods - USA
This company looks compelling and I saw the CEO interviewed a few weeks ago. They make nuts, snacks, popcorn brands that are already familiar in supermarkets and are evidently thriving. Their website says they are the largest exporter of walnuts from California to Europe and Asia.

Here is an interview courtesy Bloomberg television with CEO Michael Mendes about his desire to expand into the baking product, snack and produce area.

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