There are certainly some good things going on at General Mills (NYSE:GIS). The company is seeing growth again in the majority of its businesses and the company enjoys strong brands (and the better margins those brands bring). All of that said, though, investors should not overlook how much General Mills has benefited from competitor missteps and the extent to which the current stock price already bakes in a lot of this company's quality.
Iffy First Quarter Results
While General Mills reported 9% headline growth, overall performance was not so exceptional. Organic revenue growth was more on the order of 2%, though there was reported growth in most of the company's categories. International revenue jumped about 30%, getting a big boost from the Yoplait acquisition.
Read more through the link below:
http://stocks.investopedia.com/stock-analysis/2011/No-Need-To-Chase-General-Mills-GIS-CAG-RAH-K-NSRGY-CPB-HNZ0922.aspx
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