Snyder's-Lance, Inc. (NASDAQ:LNCE)
CAPS Rating:
The Company manufactures, markets and distributes a variety of snack food products.
The Company manufactures, markets and distributes a variety of snack food products.
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Recs
I do not see the merger synergies (although it def brings value) salvaging the short term. I look for this to trade closer to book despite the divi by the end of '11. From these 19's, I am looking for 14-15 range (-20%) unless earnings exceeds managements expected 5%.