Drilling for Deep Value
One of the fascinating parts of my jobs is perusing scores of articles and research pieces on a daily basis to find actionable trade ideas. There is nothing more rewarding than finding a nugget that enhances your portfolio's performance.
Yesterday, I came across a piece in a Minneapolis paper that highlighted how Caribou Coffee (CBOU) was served at J.C. Penney's (JCP) new store within a store demo for 300 analysts. The article also speculated that Caribou could be chosen to set up small coffee shops for all 700 J.C. Penney stores. This would more than double the company's retail footprint and obviously be a huge catalyst for the stock. I picked up some shares of Caribou, which stock moved up 6% yesterday....513 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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