The thing that upsets people is the inaccurate level of expectations they are guiding us down.
It seems to be sensible in a period of consolidating grocery trades. When you go with the entire organization behind you, I'm sure it gets some advantage, but I'm not sure it will make a big difference.
The operating earnings were disappointing. Everyone (in the industry) is faced with much higher costs than expected.
The soup volume is a little better this year, but they're still losing market share to Progresso. They need to freshen up the portfolio.
There's actually been very little buzz on this one. With the other deals, the bankers were leaking information out on seemingly a daily basis to drive up the price. With this, nothing.
Nabisco has had disappointing earnings for years, so [hitting expectations] is a positive.
Helped disrupt shared cultural memory, undermining community unity and adding to the pressures that have induced millions of Americans, white and black, to leave the cities for the suburbs and small towns.
I think they've been shopping this around for a while.
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