Cashing in at Darden Restaurants
Darden Restaurants We highlighted a low valuation in Darden Restaurants (DRI) on January 14, 2013. At the time, our target was $54. This morning the company released its earnings which cast doubt on whether the upward trend in earnings will continue. We recommend raising cash on DRI and using the proceeds for other Purple Chip opportunities. [PostStockWidget stock_valuation="" pricetype="live" manual_date="Dec. 21, 2012, 2:04pm GMT" symbolcodes="'DRI'" symbolprices="91" div_align="right"]
We are also reducing our low valuation target to ZERO as we wait for evidence that the upward trend in earnings is intact.
RAISING CASH IN DARDEN RESTAURANTS ABOVE $ 49.25 (DRI, $49.60)