It should capitalize on restaurant closures in the current lockdown, but this stock is wildly inconsistent. SJM holds a curious assortment of products. He thinks SJM is ready to catch up, but prefers Hormel.
They make sleep apnea machines, but now make ventilators during quarter. Last-October they just reported a super quarter that pushed the stock from $180 to $220 in days. It's pulled back to $211 because of positive vaccine news. It'll get a boost from their sleep apnea machines after Covid when people will visit their doctors again.
Will it return to $55 (pre-Covid)? They've issued so much new dilutive stock, so he doesn't know if they can return to $55 in a year's time, maybe more like two or more years. He himself wants to take a cruise again and is confident that the company will take safety precautions to assure customers.
It should capitalize on restaurant closures in the current lockdown, but this stock is wildly inconsistent. SJM holds a curious assortment of products. He thinks SJM is ready to catch up, but prefers Hormel.