Consumer Goods Update
Reminder: Tonight I will be proposing Toyota. Jim Cramer said last week on Mad Money, "if you buy one stock this year, buy Toyota."
Other news in the consumer goods: it may be time to look into buying a packaged foods company to hold for the long hall, I dont see anyone giving up they breakfast ceral anytime soon. Kellogg raised 2007 expectations despite the expected increase in corn prices. They raised their expected eps by one cent, translating into expected profits of $2.72 per share and expected sales growth of 4% to $11.34billion. However, they just posted lower profits and NI dropped 5.2% so I will also look into General Mills. Another article on Yahoo Finance noted that yogurt drinks and smoothies are the fastest growing food in a major world study. Yoplait yogurt (owned by General Mills) sales grew 6% in the last quarter. Expect a proposal for a major food company in the coming weeks.
Other news in the consumer goods: it may be time to look into buying a packaged foods company to hold for the long hall, I dont see anyone giving up they breakfast ceral anytime soon. Kellogg raised 2007 expectations despite the expected increase in corn prices. They raised their expected eps by one cent, translating into expected profits of $2.72 per share and expected sales growth of 4% to $11.34billion. However, they just posted lower profits and NI dropped 5.2% so I will also look into General Mills. Another article on Yahoo Finance noted that yogurt drinks and smoothies are the fastest growing food in a major world study. Yoplait yogurt (owned by General Mills) sales grew 6% in the last quarter. Expect a proposal for a major food company in the coming weeks.
posted by ShanKate724 at
12:57 PM
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