Jun. 3 at 5:29 PM
$FLO This could retest the 52-week Low below
$7 and I don't mind if it does, as then it's time to back up the truck and load up some bread, I mean - FLO shares. Can't say this is a Bullish post but it's not Bearish either, as it's a Bearish time for FLO temporarily but the stock will spring back with future Earnings Reports showing the wisdom of cutting the Dividend as they did. Problem is, the stock can be seen as "Dead Money" until those future 10-Qs prove this strategy out, as FLO leadership now has to "Prove It" over and over again for the next year, to convince some Institutions who are picky. Also some caution that if the stock were to spiral and dip below
$5 that some Institutions will blacklist the stock until it gets up above
$5 again. Not saying I am predicting
$5 stock price but just know this, as we are "too close for comfort" to that price range with trading dynamics that can feed into a negative trading momentum until the next 10-Q is public.
