When else would I buy shares of a stable company than today after disappointing quarterly results. I just bought shares of General Mills $GIS+0.7%, 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.
Capital Structure
Market Cap
37.0B
Enterpr. Val.
49.9B
Valuation
P/E
15.4
P/S
1.9
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.
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.
Moreover, when the dividend increase of about 9% comes;)