Two questions come to mind as I wait and watch for MO to spin Kraft at the end of this month. 1) Can Kraft come up with any more flavors or combinations of Oreos than they have right this minute? 2) Is there any money to be made by holding Kraft after the spin?
There is some kind of a societal comment to be made when I have to hunt just to find some original Oreos among a sea of Mint, Double Stuff, Chocolate cream, Chocolate covered, Mini-bite size and on and on, I’m just not sure what that comment would be. I found some originals; I’ll work on the commentary while I’m snacking.
As far as making any money, I still think that there is money to be made. It just might not be made right this second. Reading the message boards it seems that most have written off KFT and most are certain that MO share price will raise quickly. Watching Kraft the past few days I can see why most might feel that way. Today we were down 2.36% on super big volume. That troubles me some, but not enough to be selling shares at $30 plus change. I have too much Kraft food in my refrigerator for the stock to go much under $30 for very long.
When I get my Kraft shares I’ll sit tight and wait. Not sure what price would get me thinking sell. I just need a little time after the spin to see what’s what. The nice dividend they pay will help me wait. Here’s a guy that says we should be buying at these levels not sitting and waiting. He may be right, but I am still good with waiting.
That’s it for today. Here’s to not forgetting that the Original Oreos still have it and to keeping an eye on your EveryDay Money.