Goldman Sachs needs to spend more time improving their own business. In the past 10 years, the S & P 500 is up 60%, GIS, 140%, and GS, no change, 0% gain in 10 years.
IF that don't beat all. How many years has this company increased their dividend? Takeover talk out there too. To me Goldman probably wants to take their own position. A bunch of criminals. Hold on to GIS tight. It will pay you for your entire lifetime, and your kids as well.
Companies that are being acquired instruct all depts to spend for what they need now since they won't get it when the new owners takeover and cut the budget.
Sentiment: Strong Buy
Should this happen show'em finger in the first place ! This is a great company and I don't want to even hear about this. Just as everywhere else any #$%$ new management will step in to cut costs and run the quality into the dirt and we will have none of that, thank you. Haagen Dasz FTW !
Why would an EU firm want to buy GIS when GIS is trading at a high valuation
and the US dollar is still relatively strong vs the Euro .....???
Benziga has reported some crazy, unconfirmed & unfounded M&A stories
over the past years. Hack internet reporting as far as I am concerned
Maybe in 2 years, when GIS is trading for around $ 50, will Nestles or some
other large foods firm pursue GIS with a $ 55 bid....
shorted today @65.10. Gis is a solid company but it will retrace back a few dollars from here. so for me this is just a short term trade for now. I will hold this short position for a week or so.
Sentiment: Strong Sell
Why would a director sell over a half million in stock 3 days ago at 63.46?
GENERAL MILLS INC Director 03/31/2016 Sell direct 8,695
Its just been a commodity play, look at Kellogg, same stock price move and its hit the top of the cycle.
Check out volume over the last 5 days - 1.5 to 2x to 2.5x normal average volume. GIS is under heavy accumulation. I would not be surprised to see an announcement late Sunday evening or Monday morning that General Mills has been bought out by Nestle or even KraftHeinz for $70-$73 cash per share.
NSRGF is said to be exploring a potential acquisition of General Mills, Inc.
GIS, according to unconfirmed market chatter. "Sources" say Nestle SA is close to completing the financing to acquire General Mills in a deal value at $70 per share in cash, or more than $41 billion.
General Mills and Nestle did not respond to requests for comment.