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General Mills (GLM) struggling upwards toward $60

January 7 2002 at 6:58 PM
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Potvin 
from IP address 216.176.37.82

This is a funny chart. It follows TW parameters but it looks as though the run ups have been a challange.

From 1983 to 1987, there was a predictable TW runup from 7 to $14.

In 1994 to 1997, there was some basing action, it seems to me, and then at the start of 1997 it hit a 3 year high of $30 or so. Then it took off, but over '98, '98, '99, '00 and '01... 5 years-- it hasn't doubled yet.

The stock is at $46 today and it seems to me that the insiders who are holding it would want to see $60. It's been a very rough and long ride for this TW stock-- if one can call it that. Waiting 5 years for doubling your money gives you a 20% return, doesn't it? I think it does unless my math is bad. Don't you just take 100%/5 years? If not, it's got to be a close guesstimate.

Interestingly, 20% would still be a nice return! So maybe I AM reading this chart correctly.

 

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