Investopedia: Trying To Shake More Value Out Of Heinz

With institutional investors so skittish these days, it is hard to find cheap stocks among the lists of quality defensive names. H.J. Heinz (NYSE: HNZ), for example, is a company with attractive international exposure, good growth prospects and respectable returns on capital. Yet, the stock always seems to hover just around fairly valued and rarely offers investors a real bargain or a chance to get in on the cheap.

A Somewhat Disappointing Second Quarter  
Heinz did not do especially well this quarter, though that has to be considered in the context of a company that seldom disappoints or offers many surprises. Revenue rose 8% as reported, coming in around $100 million short of the average Wall Street guess. Organic sales was a less-impressive 1.5%, however, as modest price growth was offset by volume erosion. 


Read more here:
http://stocks.investopedia.com/stock-analysis/2011/Trying-To-Shake-More-Value-Out-Of-Heinz-HNZ-K-NSRGY-CAG-TSN-KFT-UL-GIS1122.aspx