CAG
Brought CAG today at $22.39 at multi year lows. here is what I like.
1) CAG pays a nice dividend yield of 6.25%, so you get paid while you wait.
2) CAG has guided for adjusted EPS of $2.35 for the FY I expect earnings to rebound to about $2.45-$2.55 next FY which isn't too far away given the next FY actually starts soon as they are a May year ender.
3) I think CAG should get about a 12x multiple hence I feel FV over the next 12 months is conservatively about $30. with the dividend we are looking at a solid 40% return from where I purchased at multi year lows.
4) CAG has a lot of brands actually gaining market share with volumes actually turning positive, which I think there product portfolio is well positioned in the marketplace.
Conclusion: I think CAG is very attractive at current levels, and you get paid nicely while you wait. All is just my opinion, and I could always be wrong though.
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