A diversified specialty food company and a global leader in the manufacture, marketing and distribution of spices, herbs, seasonings and other flavors to the entire food industry.
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At current price of 63.20, MKC is trading at 115% of its fair value. I expect it to return 6.1% a year over the next 5 years versus an 8.6% return per year for the S&P 500. S&P 500 is trading at about 94% of its fair value.