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J.M. Smucker: Back up the truck |
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| Dec 04, 2009 08:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Stocks to Buy  As noted earlier, The J.M. Smucker Company's (SJM) low-profile status on Wall Street in no manner takes away from its solid business model, which is one reason I'm reiterating my buy rating for the company's shares, first recommended on May 29, 2009 at a price of $40.26. If you bought SJM in May, you're up an impressive 47%.J.M. Smucker's positives include diverse revenue streams in it spreads/foods businesses, and a star, national coffee brand (Folgers). Cost containment remains good. A tie-in with Wal-Mart (WMT) adds to the positive mix, and there's ample room to increase international sales, which accounted for only 11% of revenue in FY2009. The First Call FY2010/FY2011 EPS estimates for SJM are $4.08 to $4.31. Continue reading J.M. Smucker: Back up the truck J.M. Smucker: Back up the truck originally appeared on BloggingStocks on Fri, 04 Dec 2009 15:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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