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Strategies & Market Trends : Value Investing

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From: Paul Senior	9/11/2023 8:48:13 PM
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Smucker buys Hostess. The company overpaid by far, imho, as I look at the numbers and TWNK metrics. I don't see anything wrong with Twinkies and the other Hostess brands that needs fixing or obvious improvement.. It's always surprising to me when an outside company comes in and takes over another company (like already overvalued TWNK) believing they can do more and better than the managers already in place who work the business everyday. Nice pop in TWNK on the buyout offer. Regarding Smucker, the market doesn't much agree with the purchase which would explain the price drop in SJM today. I've had SJM on my watch list since I sold my shares. Would be willing to buy back at price I sold out a couple years ago, but stock has not dropped back to those levels. With today's drop in SJM, I will just start a small tracking position. I expect SJM to move back up after the acquisition is completed and if the market doesn't sense that the buyout was a big mistake for SJM. I'm looking at Smucker for its brand strength, not as a Graham value investment. finance.yahoo.com

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