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Stocks C / Church & Dwight Co., Inc.

URL:  https://boards.fool.com/down-10-in-two-days-26792843.aspx

Subject:  Down 10% in two days???? Date:  7/7/2008  11:47 AM
Author:  waterflea Number:  148 of 186

What???

Well, one anal-yst downgrade:

NEW YORK (AP) -- Shares of Church & Dwight Co. fell Thursday, after an analyst downgraded the consumer products maker based in its exposure to rising raw material costs.
Shares fell $3.07, or 5.5 percent, to $52.95, with volume more than twice normal, despite a light trading day on the market overall. The stock has traded between $42.36 and $58.43 during the past year.
BMO Capital Markets analyst Connie Maneaty said in a note to investors that Church & Dwight, which makes Arm & Hammer products, will face "serious challenges" to its gross margin as raw material prices continue to rise.
"If inflation increases 50 percent in 2009, we figure Church & Dwight will need offsetting price increases of close to 6 percent, twice the industry average, three times what it should realize this year, and more than it has realized in the past," she wrote.
She noted Church & Dwight's shares are trading near their 52-week high, and not taking into account the difficult commodity cost environment.


Sure, sure, but a 10% drop? Is there more news out there? I can't find any.

wf
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