Investopedia: Has The Market Already Noticed ConAgra's Improvements?
Investors make money on turnaround stories by coming in ahead of the
curve, taking on the risk of being wrong in exchange for the possibility
of outsized gains. Once the notion that a company has made real
progress and improved its operations is generally accepted, usually the
stock has already run up. In the case of ConAgra (NYSE:CAG),
the stock is up strongly on better first quarter earnings, but more
gains could be on the way if the Street accepts that these improvements
are here to stay.