UL reported a great quarter, beat expectations. UP strong in London and here premarket.
Of course, if you read the headlines of the stories, you thought they did not do well, since they concentrate on the negative, claiming profits dropped by 45%, instead of pointing out that UL did much better than expected, and things are improving.
Hold forever. Just think of the dividend compounding effect should one re-invest and this stock doubles over the next 5-7 years.
Kft report today was solid-these companies have a ton of cost-cutting power and there is a long-term trend toward eating-in and saving money. Plus commodity costs are way down and will continue to be weak thru 2009.