Friday, May 8, 2009
Pest control stock pick of the year
It's funny, but I was thinking this morning how, in light of the current bed bug epidemic and my retirement portfolio's lackluster performance this year, I wished I had stock in a good mattress encasement manufacturer. In cleaning out my email box this afternoon a headline from a PMP's Direct-to-You newsletter caught my eye. The December 8, 2008 issue of Furniture World magazine reported that mattress encasement sales are soaring on the flood of bed bug infestations in New York City. Unfortunately, this company doesn't seem to be listed as a publicly traded company, but it brings up an interesting question. Knowing what I think I know about the future of bed bugs in the U.S., would it be insider trading to invest in Protect-a-Bed?