The biggest pasta producer in North America is American Italian Pasta Company (AIPC). Is is already 20 years since Missouri based company was founded. Year 2008 is a successful milestone in company's history as most of other stocks are turning to deep red return. Last month AIPC had finally left Pink Sheet after 2 years trading below $10 and became listed on NASDAQ.
American Italian Pasta Company is in defensive sector Consumer Staples as other food producers. Nestle (NSRGY.PK), Kraft Foods (KFT) or Heinz (HNZ) didn't performed bad compared to other sectors but still with negative YTD return. Shares of AIPC have something around 110% performance since the beginning of the year and is one of the best performing stocks this year.
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The recession isn't always a bad thing! Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Profit from Recession
I own this stock. Volume is really low because you still have to make a phone call if you want to sell some of your shares. Its a pain, but the returns should be good in a few months. Now is the time to buy. Financial results are coming out this week or next.
Good article :)
That plate looks good as well :)