Campbell's Soup: Bargain or Bust?
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Campbells Soup Company, with its diverse portfolio including Prego, Raos, and Goldfish crackers, has seen its stock drop by over 40% in the past year, boosting its dividend yield to 7.4%. The slump is attributed to the overpriced Snyders-Lance buyout and inflation, but the company maintains strong market share. The stocks one-time financial charge is an unusual hit, not indicative of daily operations. Meanwhile, fintech is revolutionizing finance with apps for payments, lending, and crypto. A listener regrets missing out on bitcoins rise, highlighting the importance of research before investing in volatile assets like bitcoin. Campbells trades at a forward P/E of 11.2, below its 5-year average, with a solid dividend, making it an attractive option for long-term investors.
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