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General Mills, Inc. Message Board

  • joerivers48 joerivers48 Mar 24, 2010 8:45 AM Flag

    General mills

    What the hell is going on? This company had a good quarter.....

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    • I hear what your saying about going up slowly, but its already gone up fast compared to the market. A little over a year ago I was buying it in the upper 40's.

      Maybe some techs are growing at a 200% clip, but not many, not in this economy. I haven't touched one of those in years. Yes, I may have missed an isolated homerun, but on the flipside I can sleep at night.

      The culture of GIS won't change...its got the best management in this business. Over 111 straight years of uninterrupted divis, that continue to stay the same or rise.

      The fact that GIS has outperformed most stocks over the last 1+ year is that some investors have figured this out. And if you look at a long-term chart you'll see its made alot of people wealthy, not even considering the nice divi included.

    • I'd rather gis go up slowly than to go up too fast. I pray it doesn't hit 40$ after splits too soon. also remember gis isn't a 200% growth company like tech plays either. their earnings are singles to low double digits growth. I like patience. I like companies like gis. i hope they dont change their formula in their success due to greed on wallstreet

    • My response was to the poster who said this couldn't be an $80 stock within the year. It went over $75/share just today alone. Yes, I agree its not a high-tech stock...most of those don't make any money. GIS does, lots of it. This will be one half of what its at now after the split this week. $40/share within the year is very possible...and yes, I do enjoy the divis.

    • So.... how does that work if it is adjusted?? can you get more shares after the split at that price?

    • Their agricultural input costs are lower along with quarter will be a good one too. Their outbound pricing has to be based on higher input costs....the drop in the commodity markets was not expected....and I'm sure they were planning on higher fuel costs.

      • 1 Reply to fightonsioux
      • Input costs continue to drop like a rock...great news:

        Wheat futures for July delivery fell 6 cents, or 1.4 percent, to $4.3575 a bushel on the Chicago Board of Trade, after touching $4.35, the lowest level for the most active futures since April 2007. The price slipped 4.8 percent for the week, the second straight decline.

        Corn futures for July delivery fell 9.5 cents, or 2.7 percent, to $3.40 a bushel in Chicago, after touching $3.3975, the lowest level since Oct. 5. Prices fell 5.3 percent this week and are down 18 percent this year, as rapid planting of the U.S. crop and warm, wet weather boost the yield potential.

    • Dang GIS is gettin killed............................

    • They were down on Kimberly-Clark and now it is General Mill's turn. Neither makes any sense. I have both and don't pay any attention.

    • They missed big time on revenue. Meaning future earning are inquestion

      • 1 Reply to bassmex
      • Incorrect. Quarterly revenue increased 3 percent to $3.63 billion. Wall Street expected $3.62 billion.

        The feeble reason Wall Street sold this off was because even though GIS raised its yearly guidance AGAIN today for this fiscal year, to $4.57-$4.59/share, the consensus among the street was $4.60.

        Guess what? With one quarter to go in its fiscal year, I think GIS will not only beat its own guidance, but also that magical $4.60 number the herd expected. In other words, today was an excuse for short-term holders to take a profit. They'll regret it long-term.

      (Standard & Poor's)
      Before some special items, Feb-Q EPS of $0.97, vs. $0.79, exceeds our estimate by $0.02, even with about $0.09 charge related to change in accounting for some equipment parts. Looking ahead, we generally like prospects for GIS in cereal category. Before some special items, our FY 10 (May) EPS estimate stays $4.60, and FY 11's projection remains $4.97. We are raising our target price to $82 from $79, reflecting our view that the shares merit about a 10% P/E premium to what we expect, on average, from other packaged food stocks. GIS also has about a 2.7% dividend yield.

    • some "big guys" were expecting an even better quarter and for them to raise guidance even higher. If you are a long term investor (longer than 6 months), not a big deal, just a buying oppurtunity. This stock will be passing 80 this time next year on the way to 100 by the end of next year. That's not fast enough for some people, that's all.

62.40-0.30(-0.48%)May 24 4:02 PMEDT