Filed under: General Mills (GIS), Stocks to Buy
The stock of food giant General Mills (GIS), first discussed here on April 8, 2009 split-adjust price of .40 (.80 per-split), has exhibited side-ways action during the past five months, but just look on that pause as a chance to scoop-up some shares of a premiere U.S. company.
Moreover, the reasons for the bullish view here are obvious enough. Demonstrated business model General Mills boasts solid brands (Cheerios, Wheaties, Lucky Charms, Total, and Chex), good cash flow, economies of scale, and room for international expansion. Add productivity gains, demonstrated marketing skill, and a solid, split-adjust .12 annual dividend and GIS is one play that’s hard to pass up.
Further, look for GIS’s 2011 revenue to increase 3-4%, followed by a 1-3% rise in 2012, bolstered by the U.S.’s ‘frugal consumer trend.’ In the states, with budgets pinched, eating out is ‘out,’ and eating in is ‘in,’ which is good news for General Mills.
Continue reading General Mills: Breakfast-at-Home Play
General Mills: Breakfast-at-Home Play originally appeared on BloggingStocks on Mon, 04 Apr 2011 16:00:00 EST. Please see our terms for use of feeds.
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