September 25, 2009
– Comments (6)
KO, PEP, KFT, CBY, SLE, UL, MCD
I don't know how long it's been, but it never ceases to amaze me when I see MCD listed as a "consumer staple". :o
the reason for MCD is because its become the only food some Americans can afford to buy.
When you consider cooking costs, prep time, travel to buy ingredients. Its actually cheaper to just go to MCD.
A lot of dollar millionares out there.
This trend will continue. The big rally has been all about burned out hulks of banks and insurance companies, automakers, homebuilders, *technology* (please bow when you say it), casinos, and overpriced retailers.
As that stuff fades, which we knew it would, the money will have to go somewhere. Money markets pay nothing. Long-term treasuries are being artificially propped up by the fed, sorta like the opposite of having something on sale. Gold is popular and pricey. Meanwhile, consumer staples are raising their dividends every year and beating treasury yields.
Dividend stocks in non-scary industries are the next rally.
Ok now for a POLL,
Which hotdogs taste better?
Oscar Meyer (Kraft) or Ball Park franks (Sara Lee)
Sara Lee sues Kraft over hot dog taste claims
The remaining units are 45% of the division Sara lee wants to sell. So if they got $1.88B for 55% of the division. Then they should get another $1.59B for the remaining units left to sell in the division.That would be a total cash increase of $3.47B
Looking for News on the remaining units sell either next week or early October depending on which bid Sara Lee decides to take.
CEO said on CNBC today that it has Significant offers for the remaining units.