It's hard to run too hot or cold on Campbell Soup (NYSE:CPB).
It has typically been a pretty conservatively-run company and many of
its brands are virtually iconic. That said, management has been making
some unusual decisions of late – promotional spend has seemed erratic,
the company does not appear to be supporting Pepperidge Farms enough,
and acquisitions of organic baby food and retail carrots are
head-scratchers. Campbell Soup isn't unusual in being a somewhat
expensive-looking packaged food stock, but this isn't a stock I'd pay up
to own.
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