Strong buy : Campbell Soup Co.

Discussion in 'Stocks' started by ASusilovic, Nov 21, 2008.

  1. Judging by Dayna Neumann's pantry, Campbell Soup Co. may turn the U.S. recession into rising sales, just as it did in the last two contractions.

    Neumann's family in Louisville, Kentucky, is bracing ``for a rough road ahead,'' the 32-year-old working mother said. After her 30-year-old husband, Nick, substituted $1.75 Campbell Chunky soup for restaurant lunches in September, she started buying as many as 15 cans at a time.

    The recession will make 2009 ``the year of condensed soup, driven by the backdrop of severe economic pressure on the consumer,'' Mitchell Pinheiro, a Philadelphia-based analyst at Janney Montgomery Scott LLC, wrote in a note yesterday.

    The appeal of a cheap meal is turning the world's largest soupmaker, which says it sells to 85 percent of U.S. households, into an outperformer in hard times. The shares led the 12- company Standard & Poor's Packaged Foods Index over the past three months, and their 0.87 percent loss this year beat the S&P 500 by almost 48 percentage points.

    Camden, New Jersey-based Campbell is ``acknowledged as a way to weather a recession,'' said Edgar Roesch, a Soleil Securities Corp. analyst in New York who rates the shares ``buy.''

    http://www.bloomberg.com/apps/news?pid=20601109&sid=aNim9TU8RH10&refer=home

    :p
     
  2. Are there any ramen noodle makers in the U.S.?