Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of banana-centric produce producer Chiquita Brands International
So what: Second-quarter sales fell 5% year over year, and earnings dropped 18% despite a large tax-related boost. Salad sales were slow, though management expected as much because of growing competition from store-brand alternatives in this cash-strapped economy.
Now what: The market is taking this report as a uniquely Chiquitan problem as top competitors Dole Food
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