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AE
Antony Earl
@antonyearl · Jun 28

When else would I buy shares of a stable company than today after disappointing quarterly results. I just bought shares of General Mills $GIS, which analysts say is down on disappointing results and we are seeing a near bottom for this year. I'm not so skeptical though, adjusted earnings per share are above estimates and sales are $5.03 billion instead of $5.17 billion.

GIS is currently struggling with pricing pressures which will subside sooner or later. This is one of the reasons why the stock is up some -7% year-to-date.

Părerea personală a unui membru al comunității, nu o recomandare de investiții. Regulile comunității

SJ
Steve James @stevejames Jun 28

Why not, their products are known to a large mass of people. This is just a short-term inconvenience and a chance for investors to buy. Still a bit expensive for me though and I would wait to buy despite the dividend increase announcement.

AE
Antony Earl @antonyearl Jun 28

I agree, but it's hard to say if we can even see another slump. A weaker outlook is to be expected and therefore there is little to surprise us.

YE
Yorick Ericson @yorickericson Jun 28

Moreover, when the dividend increase of about 9% comes;)

AE
Antony Earl @antonyearl Jun 28

It may be a conversion from $0.54 to $0.59, but every percentage counts. You holding too?

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