I appreciate why McCormick (NYSE:MKC)
has almost always carried a premium valuation in the packaged food
sector. The company holds effectively two-thirds of the U.S. market for
spices, and has multiple opportunities to generate above-average growth
in areas like dry dinners and frozen foods, and not just in North
America. Even so, there is a fair price for every asset and McCormick's
valuation seems well more than “fair” these days.
Please read more here:
http://www.investopedia.com/stock-analysis/062713/mccormick-looks-premiumpriced-even-premium-performance-mkc-gis-cag-yum-pep.aspx
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