It's been easy to criticize ConAgra (NYSE:CAG)
management over the years, as relatively ham-fisted management of
junior varsity brands has led to pretty pathetic growth and margin
performance relative to its peers. What's true about the past is not
automatically true about the future, though, and I think ConAgra is in
perhaps the best shape it has been in the time I've watched the company.
There's still a lot of work to be done in improving margins and cash
generation, but in an overvalued sector ConAgra looks like an
interesting relative value.
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http://www.investopedia.com/stock-analysis/062713/conagra-does-appear-be-better-path-cag-gis-krft-hrl-hnz.aspx
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