No. of Recommendations: 5
"It has been drifting up off the bottom and I personally didn't see anything in the quarter that would change this. They said the right things - now it is just a matter of executing on focusing the company and improving margins."
I agree. Like many of its peers, it has to reinvest in its products and brands, and it was slow to realize that. It will probably continue to drift for a bit, but my sense is that it won't go much lower. Price to book is just above 1, and price to cash flow is under 5. They have new management focused on turning things around. Some of its brands are great, and others are crap, but people gotta eat and they are embedded. So this is a pretty good entry point.
abromber
