Maybe the markets are getting a bit more rational when it comes to
packaged food companies. With many of these stocks up 20% or more over
the past year, the last couple of months has seen the momentum fade a
bit. Arguably that's a good thing for stocks like General Mills (NYSE:GIS)
where the company's self-improvement efforts are likely to be more of
the slow-and-steady variety. Although General Mills is back below fair
value and arguably a decent long-term hold, it's not likely to deliver
another “Market-plus-10%” sort of performance over the next twelve
months.
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