I bought Fortune Brands (FO) at $76 yesterday, in light of recent earnings, it has jumped to the $79 range.
I plan to hold onto this stock for years to come, and add to my position at times…so far it is off to a great start!
The price will slightly drop after all the earnnings hype goes away, but in the longrun I have a lot of faith in Fortune Brands.
Here is a one week chart of FO:
