S&P 500 ^GSPC 5,303.27 +0.12%
Nvidia NVDA $924.79 -1.99%
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Amazon AMZN $184.70 +0.58%
Meta META $471.91 -0.28%
Microsoft MSFT $420.21 -0.19%
Apple AAPL $189.87 +0.02%

When else would I buy shares of a stable company than today after disappointing quarterly results. I just bought shares of General Mills $GIS-0.2%, 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
$71.24 -$0.16 -0.22%
Capital Structure
Market Cap
40.2B
Enterpr. Val.
51.8B
Valuation
P/E
16.3
P/S
2.0
Dividends
Yield
3.3%
Payout
52.8%

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.

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.

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

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

I had only a very small position there until recently and I realized about 75% profit after the time test. If they are a bit cheaper, then I will be happy to go back to them again.