IBP wants to disappear as it becomes a stronger company over the next several years with a much more focused brand, ... [But] again, seeing the takeout price lower than IBP's 52-week high is not satisfying.
Even if the auction does not go to where some people expected it to, the stock had a great run up. I just don't see a lot of upside at this point.
I think Coke's shareholders are trying to send a message to their new CEO.
The bottom line is, pretax earnings are going (to be) down between $200 (million) and $225 million, but they're not giving out the specifics of why and what percentage of it might be due to selected price cuts.
I'm glad that there is a second bidder, but the second bid is not much better than the first.
Tootsie Rolls are part of everybody's youth.
The bottom line is that this is a low bid for a company that has enough earnings power to fuel a $30 stock price even with the heavy upfront spending for its case-ready products.
I'm not sure anyone has the pocketbook to compete with Unilever here, ... Nestle is a possible one, but one that would be more vulnerable to antitrust concerns.
Copyright © 2024 Electric Goat Media. All Rights Reserved.