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Web Extra: Burned by Andersons

Friday, 10 Dec 2010 | 5:48 PM ET

A long position in The Andersons looked like a hot trade but all it did was burn Brian Kelly. So what does he think of this stock now.

BK made the fateful call on October 11th as a bull play on both agriculture and transportation.

You may know this company for its grain business but, “Andersons has a whole division that makes rail cars for transporting grain,” he explained at the time.

Unfortunately the share price of this ag and rail name didn’t grow – in fact it jumped the tracks. The stock is down about 9% since Kelly said to get long.

So what does he have to say about this stock now? Find out in this web extra. Watch the video now!

Fast Money Web Extra
The Fast Money crew offers special CNBC.com-only advice on your investments.



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Trader disclosure: On December 9, 2010, the day this video was recorded, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami owns (AGU), (NUE), (BTU), (MSFT), (C), (GS), (INTC). Karen Finerman Owns (AAPL), (BAC), (GOOG) and (JPM). Jon Najarian owns (EK) and is short (EK) calls. Jon Najarian owns (BBT), is short (BBT) calls. Jon Najarian owns (SHAW), is short (SHAW) calls. Jon Najarian owns (MSFT), is short (MSFT) calls. Jon Najarian owns (IBM), is short (IBM) calls. Jon Najarian owns (CME), is short (CME) calls. Jon Najarian owns (CBOE), is short (CBOE) calls. Jon Najarian owns (XLF) call spreads. Jon Najarian owns (GS) call spreads. Jon Najarian owns (JPM) call spreads. Jon Najarian owns (BAC) call spreads. Jon Najarian owns (ERTS) call spreads. Jon Najarian owns (GDX) put spreads. Jon Najarian owns (GDXJ) put spreads. Jon Najarian owns (MGM) put spreads. Jon Najarian owns (SIRI). Jon Najarian owns (C). Jon Najarian owns (SFD). Stephen Weiss Owns (MDRX), (SWC), (VZ), (QCOM) and (FAS). John Stephenson Owns (SLV), (PAAS), (HL) and (SLW).

BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (AAPL)
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (GDXJ) straddles
Accounts Managed By Kanundrum Capital Own (QCOM)
Accounts Managed By Kanundrum Capital Own (DE) calls
Accounts Managed By Kanundrum Capital Own (POT) calls
Accounts Managed By Kanundrum Capital Own (MON)
Accounts Managed By Kanundrum Capital Own (JJG)
Accounts Managed By Kanundrum Capital Own (TBT) call spread
Accounts Managed By Kanundrum Capital Own (MCP)
Accounts Managed By Kanundrum Capital Own (FXY) Puts

GUY ADAMI
Adami's wife works at (MRK)

KAREN FINERMAN
Finerman's firm is short (IJR)
Finerman's firm is short (SPY)
Finerman's firm is short (IWM)
Finerman's firm is short (MDY)
Finerman's firm is long S&P puts
Finerman's firm is long Russell 2000 puts
Finerman's firm owns (JPM), (JPM) leap
Finerman's firm owns (KFT)

BRIAN STUTLAND
Stutland's firm is a Market maker in VIX futures and options holding positions
Stutland's firm is a Market maker in SPX options holding options and futures positions

First Asset Investment Management Is Long Silver Futures
First Asset Investment Management Owns (SLV)
First Asset Investment Management Owns (PAAS)
First Asset Investment Management Owns (HL)
First Asset Investment Management Owns (SLW)

BRIAN MARSHALL
No disclosures on Dell, Compellent, HP, Netezzam, Cisco, Commvault, Quantum, Oracle, NetApp

BRIAN KELLY 10/11/2010 SOT
Accounts managed by Kanundrum Capital owned (ANDE) on 10/11/2010

BRIAN KELLY SOT 12/02/2010 (GT)
No disclosures on (GT) from 12/02/2010

  Price   Change %Change
ANDE
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