NOMD
Brought some NOMD at $17.49 Today. Here is what I like.
1) NOMD Pays you while you wait with a divy yield of over 3.4%.
2) NOMD has guided for $1.75-1.80 Euros, which represents 9-12% adjusted EPS growth which is pretty solid for a consumer staple. Based on current exchange rates that is $1.89-1.94 USD. Hence the stock trades at 9 times this years estimates. They Should consistently grow adjusted earnings 7-9% if not better. And they should continue to buyback stocks and pay and possibly increase the divy longer-term.
Conclusion: I find NOMD Attractive here. Pays a decent divy of 3.4%+, have been buying back stock, should easily come in with a high single digit adjusted EPS grower longer term. I see no reason why NOMD should get a 12 PE longer term And I believe they will earn about $2.10 USD next year. Hence FV should be conservatively mid 20's over the next year. Time will tell. All is just my opinion, and I could always be wrong though.
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