VERY NICE PROFITS ON APPAREL MAKER VF CORP (VFC) — STOCK JUMPS 20% ON EARNINGS
By Nigam Arora & Dr. Natasha Arora
VF Corp (VFC) belongs to the strategy of buying good companies near the lows when the problems are temporary.
There are very nice profits on the VFC position. The stock is trading at $21.16 as of this writing, up about 23% for the day on better than expected earnings.
Buyout Target
VFC remains a buyout target. To date, 199 Arora Portfolio companies have been bought out, producing a fortune for members who consistently invest in buyout targets.
Target Zone
The target zone remains $28 – $32.
This is a very long term position.
What To Do Now
Those in the stock may consider taking partial profits right around here and consider rising the stop zone on the rest to $16.73 – $17.43 to protect profits. … Please click here or the title below to read more.