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

To: Spekulatius who wrote (62038)	5/21/2019 8:30:08 AM
From: E_K_S	Read Replies (2) \| Respond to of 78666

RE: NSRGY I have this on my watch list from when you first mentioned it a few years ago at/near $76/share. It was just a hard value Buy at that time when I looked at peers but have followed the company w/ interest. This was announced last week: Nestle's skincare unit attracts heavy interest Mar. 5, 2019 12:11 PM ET\|About: Nestlé S.A. (NSRGY)\|By: Clark Schultz, SA News Editor Nestle ( OTCPK:NSRGY) is attracting multiple bids for its skin care unit, according to Financial Times. Sources say the final deal could come in at around $7B. Interested parties are said to include a consortium made up of Cinven, Advent International and Singapore's state fund GIC -as well as KKR, Blackstone, EQT, Partners Group, CVC and Carlyle -------------------------------------------- NSRGY also has plans to enter the meatless food sector and has been working on such a product for some time. Nestle to sell vegan burgers in U.S. May 8, 2019 8:33 PM ET\|About: Beyond Meat, Inc. (BYND)\|By: Clark Schultz, SA News Editor Nestle (OTCPK:NSRGY) plans to roll out the Awesome Burger vegan burger in the U.S. this fall to complement the Incredible Burger products sold at 1.5K outlets across Europe. The food and drink company plans to carry the vegan burgers in U.S. retail stores, quick-service restaurants and food service operators. "I think we have a lot to show in this area," CEO Mark Schneider told CNBC. Nestle's expansion in the plant-based food area will place it in competition with Beyond Meat (NASDAQ:BYND), which investors have bid up by 189% over the meat substitute upstart's IPO pricing level. ---------------------------------------- The company is doing their own portfolio restructure, spinning off their skin care business (really does not fit their core products) but they are getting a really good premium price too. So maybe it is worth the 37 PE but still too high for me. This is an example of a company that is generating good earnings but at a cost. EKS