ConAgra Has a Major Edge in the Grocery Aisle
Some guys get it. Gary Rodken is one of those guys. He's the chief executive officer of ConAgra Foods (CAG), and he runs the hottest consumer packaged-goods company in the world right now.
This morning's numbers were extraordinarily good, with 17% income growth and, more importantly, 8.9% revenue growth, fabulous for a revenue-starved industry. The maker of such well-known brands as Pam, Swiss Miss, Chef Boyardee, Hebrew National and, most importantly, Healthy Choice, has very few peers right now, and shareholders have been richly rewarded with a 14% gain before the bountiful dividend. Compare that performance with those of H.J. Heinz (HNZ), up 9%, Kellogg (K), up 11%, Campbell Soup (CPB), up 7%, and General Mills (GIS), once the gold standard, up only about 3%. Coca-Cola (KO) and PepsiCo (PEP) have increased only about 5%....473 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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