I think Cantor will be surprised how GIS performs going forward:
Branded foods maker General Mills, Inc. on Thursday saw its coverage started with a "Hold" rating by analysts at Cantor Fitzgerald.
The firm also set a $39 price target on GIS stock, which had closed at $37.50 on Wednesday.
Cantor commented, "In our view, General Mills' performance over the past four years has been best in class in the food industry. Looking forward, however, we see no candidate among its three segments able to contribute the outsized earnings growth that has been the hallmark of General Mills over the past four years. In our view, each segment faces obstacles or comparisons that may preclude extraordinary gains again in FY:11."
That's positive coming from them! That means buy. And I have done so since 1984 adding 100 shares every year except in 2005 when I could not afford to. I have almost 3000 shares now and paper gain over 2200% I think. I reinvest the divs too and they have paid non-stop since 1984 and before! I wish I had gotten in on this at the IPO!!!!
It's one of the the best things going in the entire market...
When you look at BP and other screwed up companies it's nice to know that could never happen to GIS. Sure there are liability issues but they are very minor.