A Tasty Trade Idea
Earlier this week, International Flavors & Fragrances (IFF) reported in-line results for its first quarter, delivering earnings of $1 per share on revenue of $711 million.
As has been the case in recent quarters, strength in the higher-margin Flavors business offset performance in the Fragrance business. The reason I first recommended IFF shares at $55 in early November remains intact, as its best-performing region in terms of dollar growth continues to be Asia. The company's top-line performance was led by a double-digit increase in Confectionery and good growth across Savory and Beverage. In all, the emerging markets sector has grown double digits on a local currency basis for the 10th consecutive quarter due to growth in Africa, the Middle East, Indonesia, India and Latin America. In short, the notion of a growing middle class characterized by improving disposable income that is trading up in terms of purchasing activity remains on track....323 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.