NYSE:GISFood
General Mills (GIS) Stock Looks Reasonable On Sales While Earnings Stay Weak
General Mills has been in a prolonged slump, with the share price down 34.8% over the past three years, while the valuation checks point to a stock that now looks closer to fairly priced than to a clear bargain or clear bubble.
The 34.8% share price decline over three years has reset expectations and raised the question of whether the recent weakness already reflects the market's concerns.
Stable demand for packaged foods may support earnings and cash flow; however, pressure on pricing power...