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Non-Tech : Kellogg -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (35)	3/29/2021 11:04:57 AM
From: bruwin	Respond to of 42

Here's my "comment" based, to some extent, on the following table ....... What we have are the Net Incomes, i.e. Bottom Lines, for KELLOGG's Annuals for the "Year Ends" in the middle column. The right column is the approximate share price at the time of the Year End. Now, Bottom Lines are probably the most Important Number for a company seeing as that's where the Dividend, if any, comes from, PLUS the leftover amount goes into the Balance Sheet under "Retained Income". And if the company doesn't issue shares in the year, and obtain revenue from them, then it's the "Retained Income" which largely influences the Balance Sheet based on the Balance Sheet equation of :- Share Capital + Retained Income = Total Assets - Total Liabilitues. i.e. (Share Capital plus "0 increase") + (Retained Income plus increase) = Total Assets - Total Liabilities. So from the above Table we see :- 1) Hardly any growth in K's Bottom Line since 2017. 2) K's Bottom Line in 2017 is virtually the same, 3 years later, in 2020 3) K's price has generally declined over the last 4 years. You mentioned a dividend yield of "3.7%". I'm assuming that's what you meant by "The stock was recently yielding 3.7%." I couldn't find any Dividend Yield for KELLOGG at the Koyfin web site at app.koyfin.com ........maybe their source didn't show it. Anyway, is that such a big deal when your Capital Gain has been Static or Declining ? I can't say that this is a very impressive Price performance over the last 5 years ---> For example. a quality company such as AMAT, which I bought some more shares of in early January 2021 for $86.50c, has shown a current Capital gain of nearly 46% in 3 months. Getting 3.7% x $86.50 = $3.20c/share is peanuts compared to getting a Capital Gain of $125.9c - $86.50c = $39.30c/share.