Andy Serwer Commentary:
Street Life by Andy Serwer Column archive
Serwer: Wrigley ... a stock to chew on
New leadership at the gum maker may lead to more upside; Berkshire is a dilly
Market insight from Fortune Editor-at-Large Andy Serwer

NEW YORK (Fortune) -- Okay, this is getting a little ridiculous, right? Gettin' a little giddy. Ten new highs on the Dow in the last 15 sessions? And now I see some forecasters saying: "Oh, the market's not too high, it's going up more." That to me says TOP!

WILLIAM WRIGLEY JR. CO.: Yup, the gum company. Named its first, non family member CEO ... a dude from Nike, Bill Perez, who clashed with Phil Knight (easy to explain that.) Get this: WWY was up $6.40, or 13.7 percent, to close at $53.23! Holy Juicy Fruit, Batman!!! I think there is more upside here. But be warned, the stock (Charts) is not cheap ... and there are still questions about Wrig's $1.4 billion purchase of Kraft's candy biz.

BERKSHIRE HATHAWAY: All right so I said I would buy you all a dilly bar if/when BRK broke $100,000. Well it did. So go ahead down to your local DQ and tell 'em Andy sent you. Next time I run into you I'll spot you the dilly. I asked the BRK specialist at the NYSE the other day whether, if/when the stock (Charts) passed $100K, that would pose any problems for him or for the exchange. He said not really. No problem for moi either. Prognosis? Keeps on rockin'!

FORD: How in the world do you lose $5.8 billion?! In a single quarter?! That's $44,000 a minute! Amazing. Ford (Charts) posted it's biggest quarterly loss in more than 14 years. ("...coldest winter in almost 14 years..." from Mandolin Wind by Rod Stewart.) Its debt was downgraded a bit more and the stock fell too. The new CEO Alan Mulally thinks a turnaround is under way. Maybe. I'd wait for another shoe to drop before I jumped in. This stock has given head fakes before ...

Loose Change: Hey, have you gone to the Hells Angels website lately? http://www.hells-angels.com/ What fun! Who knew they had chapters in Athens, (Greece!), and Cape Cod (Mass.!) .... Giants might almost be as good as the Redskins ... Deep Blue sent this: http://www.fantasycongress.org/fc/...... fun, no?

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E-mail Andy Serwer at serwer@fortunemail.com and see him on CNN's "In the Money" and "American Morning."

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.