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April 15, 2005
Mad Money comparison? Fri., April 15, 2005, 1:30 PM
Exactly a week ago, I wrote an article that told readers I'd take the other side to the Constellation Brands trade that James Cramer was touting on his Mad Money show. Cloudy Constellation (NYSE: STZ) I called it. I was going to refer to it as the Milky Way, but didn't want to be disparaging to my friends in the mid-west.
"CNBC's Cramer has been touting Constellation Brands (NYSE: STZ) on his interesting MadMoney program. I'll take that trade; I say sell it!
Constellation Brands (NYSE: STZ) $58.34
International producer and marketer of beverage alcohol brands, including wine, spirits and imported beer categories. Recently bought Mondavi.
Diageo (NYSE: DEO) $59.59
International supplier of branded food and beverage products with operations in four principal segments: spirits and wine, packaged food, beer and quick service restaurants. Brands include Pillsbury, Smirnoff, Burger King, Johnnie Walker and J&B."
Anyway on Friday April 8 at 2:16pm I published my challenge, and here is the one-week result (on which I am closing the book):
STZ: $55.79 Down 4.47 percent for 1 week; annualized loss of 227.2 pct.,
DEO: $57.76 Up 0.29 percent for 1 week; annualized gain of 14.8 pct.
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So, please don't ever compare me to that guy; I'm not half the entertainer. He's got these horns and whistles; I'm more of a bell ringer.
Posted by Posted by Bill Cara on April 15, 2005 02:23:20 PM | Category: 30 Consumer Staples , Cara Today in the Market