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Value Trader 2 Scores a 14.57% Winner
The Value Trader 2 trading portfolio bagged a nice winner as The Pantry, Inc. (PTRY - Snapshot Report) was sold this week for a 14.57% gain. The position was added to the Value Trader 2 portfolio on March 11.
The Pantry operates 1,648 convenience stores in 11 southeastern states, mainly under the name Kangaroo Express. The stores offer a broad range of merchandise, including gasoline, food and drink products.
At the time of its addition, The Pantry was a juicy value stock, trading at only 4.7x forward earnings. It also had a low price-to-book ratio of 0.73.
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| Market Summary | Feb 10, 2010 02:53 am ET |
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