Lamb Weston: My Strategy After Another Major Post-Earnings Plunge
Lamb Weston(LW) Seeking Alpha·2024-07-26 04:52
foodandstyle I last wrote about Lamb Weston (NYSE:LW) back in April 2024, and I suggested the stock was a buy, after a 20% plunge in the share price which occurred after the company reported Q3 earnings for 2024. At that time, the stock was trading for just over $100 per share, and it dropped to about $81. I was willing to give management the benefit of the doubt after a challenging rollout of a new ERP system, which had impacted results in Q3. I was a buyer after the plunge to $81. The stock subsequent ...