Subject: Re: Poorly performing value traps I am buying
For what it is worth I changed my mind from earlier and entered Conagra in some size (for my very pathologically diversified portfolio) around $14.

I did some exploration of what it would cost to simply rebuild their manufacturing base and the current price doesn't make sense. I think the dividend gets cut by 50-75% and their is a relief rally. The brand portfolio is gravy on top of the facilities.

I'm going to look at NKE next, but I feel like I don't know enough about sneaker collecting as an activity. It seems like it would be small but high margin.