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The End Of
Al Sharpton's "Hunger Strike"
Could Mean Fat Profits In
Restaurant Stocks.
by Randy
Barker
The Reverend Al Sharpton is still in the slammer in Brooklyn after being
arrested for trespassing and civil disobedience while protesting the
Navy's bombing of Vieques
Island in Puerto Rico. After being transferred from jail
in San Juan, Al decided to steal even more of the limelight from
the other members of the
"Vieques Four", all Democrat politicians of Puerto Rican
descent, and declare that he was staging a "hunger strike"
starting May 27th. But Avoirdupois Al, who has never missed many meals,
quickly changed the nature of his protest from "hunger strike"
to "fast", meaning that he was now eating soup. Since Al is
scheduled to be in jail for 90 days, this could mean enormous windfall
profits for investors in Campbell Soup (CPB) and Heinz Soup (HNZ). But the
real money may be made after Al gets out of jail and hits the restaurants.
When Al gets sprung, he's going to be eating everything in sight and not
limiting himself to fine dining. That's why it may be best to invest in
the most profitable fast food and casual dining dynamos. Those include
Applebees (APPB) and Krispy Kreme (KKD) who both split 2 for 1 the week of
June 11th and are both in the top 10% for earnings growth. So are O
Charley's (CHUX), Ruby Tuesday (RI), Ryan's Steakhouse (RYAN), Sonic
Hamburgers (SONC), Jack In the Box
(JBX) and Chuck E. Cheese (CEC), all of which are near Mr. Sharpton's
neighborhood.
Momentum investor? Then this could be an especially good time to switch
out of booze stocks like Anheuser Busch (BUD) and into restaurant stocks
since thought leaders Genna and Barbara Bush (no relation to August Busch)
may be showing up for fewer brews. Especially at Democrat-run bars who
call 911 and the local liberal media when Dubya daughters are discovered.
No, Al Sharpton
is now the momentum investing bellwether. If you're hungry for profits,
follow the man who's starving.
Stop Global Flatulence First !
This week, President Bush will attend the European Community Summit where
he will come under pressure from the socialists assembled there to do
something about "global warming" similar to the draconian
restrictions of the 1992 Kyoto Treaty signed on to by Al Gore. The same
treaty that was voted down by the U.S. Senate 95-0. This leftist scheme to
redistribute wealth on a global basis would have the U.S. reduce
greenhouse gases to the point that our economy would be wrecked and our
whole way of life changed, while the real polluters of the world, like
China, would have to do nothing. The environmentalist movement that warned
of "global cooling" in the 1970s has been hijacked by
Neo-Marxists.
Hopefully, Bush will have the guts to stand up to the pressure to do
something stupid coming from EU politicians and the American media.
Especially since 17,000 scientists have signed on to the idea that there
is no evidence any global warming is man-made.
Bush should arrive in Madrid ready with more realistic proposals than
those proposed at Kyoto, ones that will combat the real sources of
greenhouse gases. Proposals that would plug every volcano on Earth, cut
down every photosynthesis-loving, carbon dioxide-requiring tree, and stop
methane production by providing Beano for every chronically flatulent cow
and termite on Earth.
Excerpts from NotSo SERIOUS MONEY,
a weekly online financial newsletter written
by randybarker@aol.com
Have A Profitable Week!
randybarker@aol.com
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