2Yr·

(Brand) food manufacturers were punished during high inflation. See catch-up potential here when the market situation calms down. Favorable div. yield is also included.

01.01

General Mills

Bought x52 at €59.13

€3,074.76

9 Comments

Mojo@xxxmojoxxx

2Yr

I joined with the first purchase in November. The valuation is okay for the first load.
If it falls further, I will buy more.

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Mx Wy@Witma

2Yr

Caught a good start ;)

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Royal_TS@Royal_TS

2Yr

Nice share. Waiting for the 55€.....

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Tom@Tomtom12

2Yr

Now underlying stocks are in demand ala coca cola, P&G, J&J, Hershey and I am glad that I bought early and sold tech. Up big today while others are down big today ;)

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Deleted User

2Yr

Comment was deleted

Topper H.@TopperHarley

2Yr

@cashwithhead Thanks for your assessment. If you don't have a good feeling, set a favorite and then see next year if the feeling was right 🙂

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Anon@Anon

2Yr

@cashwithhead I wouldn't see Nestle as competition, but rather as a partner, see CPW Cereal Partners Worldwide. I don't see Kellogs as too much of a threat either; they are currently missing out on every major trend in the nutrition business. The biggest risk I see here is a change in consumer awareness and a shift away from sweet, carbohydrate-heavy foods towards a healthier and, above all, protein-rich diet. Nevertheless, I am and will remain invested in $GIS, but this is certainly partly due to my entry price of around €33 and I would like to avoid having to pay capital gains tax.

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Deleted User

2Yr

Comment was deleted

Anon@Anon

2Yr

@cashwithhead I expect low single-digit growth rates of around 2-4%. But that was also my investment case when I entered the company back then. At the current valuation, I see no need to sell. I will continue to hold and skim off the dividend or reinvest it elsewhere.

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