The Daily Parker

Politics, Weather, Photography, and the Dog

Recovery in a coffee cup

For a variety of reasons that are really much less lucky or indicative of good planning than one might think, I managed to avoid having a huge portion of my retirement savings wiped out in this current downturn. For one thing, I rarely invest in single-issue securities, having little appetite for eggs when placed in a single basket.

Just now, though, I'd like to gloat that the only single-issue stock currently in my portfolio just rose above the price I paid for it, commission and all, meaning I have an actual capital gain since buying the security in December 2007.

The stock? Peet's Coffee (NASDAQ: PEET), whose slow-growth strategy combined with extremely high quality standards not only means I drink their coffee and tea every single day, but also that their stock is going up in the middle of a crash. (Their 46% profit growth last quarter didn't hurt their stock price, either.)

I can't wait for Summer House to come back next month...

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