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Growing company that is consistently hiring. Will be a major player in the food industry in the near future
Great brands, numbers mixed, and lower growth normal compared to S&P.
Since I was 11, I've loved baking. I only use Duncan Hines cake mixes - not Betty Crocker, not a store brand. They are better than any cake I can make from scratch. So buying what I know, I chose PF to outperform - Let them eat cake! :)
In August of 2009, I gave a thumbs up to BGS in CAPS, but did not buy the stock because I thought it had too much debt. BGS is now my all-time best pick, the stock going up over 300% since I picked it. I decided not to make the same mistake twice, so I have not only given a thumbs up to PF, but have bought the stock.
The packaged food industry has been under pressure lately due to food price inflation. I believe the worst is over for these companies, and those left standing face less competition now.Pinnacle Foods has a strong portfolio of popular brands. It has a track record of buying depressed brands and resurrecting them. It's sales, while flat for the last 3 years, are showing signs of life just as the stock comes public. I believe we'll see margin expansion as food inflation quells, and the company has a $1 billion loss it can use to offset taxes in the future. Currently trading for 1 times sales, it seems undervalued when compared to other names in this space.
Popular products replaced frequently.
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