JBSS - John B. Sanfilippo & Son: I'm Not Nutty Enough To Downgrade This Play
2025-09-10 01:09:20 ET
Back in June of this year, one company that I decided to upgrade from a "Hold" to a "Buy" was John B. Sanfilippo & Son ( JBSS ). In the past, I had been more neutral about the company. But in the span of a little over a year, the stock had plunged 32.5% at a time when the S&P 500 was up 5.1%. That decline, I argued, had been "nutty" and the price at which the stock was trading justified a more bullish outlook. This is especially true in light of overall fundamental performance, with revenue being mixed, but profits and cash flows on the rise. Since then, the stock has risen by 4.6%, but that's quite a bit short of the 7.7% rise the S&P 500 experienced....
John B. Sanfilippo & Son: I'm Not Nutty Enough To Downgrade This Play