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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (44440)	9/20/2012 10:42:08 AM
From: E_K_S	1 Recommendation Respond to of 78774

Re: ConAgra Foods, Inc. (CAG) (Note: New 52wk high; last $27.50 +7.15%) ConAgra profit beats with acquisitions' help; shares up ConAgra Foods Inc reported higher-than-expected quarterly earnings on Thursday, helped by recent acquisitions and increased marketing, and the maker of Chef Boyardee pasta raised its full-year forecast. ---------------------------------------------------------------------- It looks like their acquisition was a net positive. Their acquisition must have improved their gross margins which helped out their reported EPS (it could also be some fancy accounting too). I am not sure when Yahoo finance updates their data, but CAG's debt profile still looks ok. Company upped their dividend too. I have this one on my AG watch list and will need to evaluate their updated financials to see if it still makes my value screen. TBV is negative (due to all the goodwill accumulated in their acquisitions). Analysts have EPS for next year at $2.00/share. That's puts the PE at 13.5 which for me is no real bargain. Could be an ok AG investment but I think there are others that I prefer and are a better value. Bunge Limited (BG) is still one of my favorites especially below $60.00/share. EKS