Groupe Danone (ADR) (NASDAQOTH:DANOY.PK)
CAPS Rating:
A food company, which produces fresh dairy products, biscuits, cereal products and packaged water.
Thousands of investors, millions in profit
A food company, which produces fresh dairy products, biscuits, cereal products and packaged water.
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I bet for a long-term with this one.
The stats don't seem to be somewhat attractive, but Danone is already the biggest yogurt producer in the world, it has Actimel and Evian brands that would keep getting more sales because of all the fuss about healthy food.
But the main reason is of course Danone's acquiry of Dutch Royal Numico, biggest child food producer in Europe. With expansions to US and baby booms, that seems to be really perspective bet (even though the price Danone pays is about 44% greater per share than the estimated one).