09-18-2018, 04:07 PM
I still hold GIS, but reluctantly so. I'm not a big fan of the Blue Buffalo acquisition, especially when it came at the expense of dividend growth.
Management spent billions on share repurchases over the years and then sold shares recently at multi-year lows to shore up the balance sheet after the acquisition.
Also worried about off-label and store brands continuing to eat market share away from the consumer staples group.
The yield is decent, but this company has some problems.
Management spent billions on share repurchases over the years and then sold shares recently at multi-year lows to shore up the balance sheet after the acquisition.
Also worried about off-label and store brands continuing to eat market share away from the consumer staples group.
The yield is decent, but this company has some problems.