CKF has corrected -16% after making fresh all-time highs this week following strong growth over the last year illustrating a few interesting points in the process:
- Health warnings don’t drive all consumers as people clearly still like KFC, I know I love a Zinger!
- Selling stocks into strength can reap rewards in todays “3-steps forward, 2-back” style market – including reducing position size as we did this month with Whitehaven Coal (WHC).
- Volatility remains elevated on the stock level providing opportunities for buyers and sellers alike.
MM is neutral CKF around $11.50
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