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Non-Tech : CAG Conagra The Viagra of Food?

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To: DHB who wrote (28)3/28/2003 11:17:29 AM
From: Paul Senior  Read Replies (1) of 49
 
Adding a little more CAG today.

Geez, it appears like the whole stock market is peppered with crooks. Now SLE and CAG are tainted too it seems.

I hate it when FUD pops up. Too many times I have held on or bought more stock in some of these companies only to find out later that not only were reports and allegations correct, the facts were even worse than first presented.

I am hoping that a well-established and huge company such as CAG can get through this -- even if they have done something wrong in their dealings with Ahold. A negative is that apparently quite of bit of CAG's business is with Ahold. OTOH, people will still be food shopping and looking for CAG products regardless of who the retailer is. (I am hoping.)

With the dividend at 5%+, I can - maybe - wait a year/18 months to see if the situation clears up and the stock recovers.
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