Go to the web site a read the presentation posted this AM. I understand we have a challenging market. I do not know when GIS is going to recover but the stock is worth more than $56-$57. Stable and growing business will bounce back to the mid to high$60's later this year.
The presentation materials are 95 pages but it is worth the time. At these levels we are going to get several repeat buying recommendations this week. This stock is just too cheap based on fundamentals and the CEO was a heavy buyer of shares last week.
The last Form 4 filed on Kendall showed he sold 1,720 shares on 2/9/09. I don't see any others. There are time restrictions (2-3 days) to get these done.
The most common practice of valuations by analysts is based on P/E levels within an industry. These levels adjust over time, based on economic conditions. Right now, it's being butchered. Certainly, you must have heard last weeks news of S&P having negative earnings. A P/E cannot even be calculated under those conditions.
GIS will be butchered along with the rest. If you want to preserve your retirement fund, you too, would sell until the market turmoil subsides.