K’s global-snacks spinoff is loosely similar to the MDLZ spinoff from the original Kraft ten years ago (#msg-80059075). I made some money owning MDLZ, although I don’t hold it now.
K’s separate plant-food spinoff, consisting of Morningstar Farms, is being treated as a throwaway, which corroborates your bearish viewpoint on this industry segment.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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