Opinions
Mark Grammer
Danone
BN-FP
TOP PICK
Jul 27, 2009
Likes the nutritional food business. Well run company. Hasn't done particularly well in the recovery but is probably because it did very well last year when everything else was falling apart. Growing sales at about 2%, which normally would be about 7% and he thinks they get back up to that. Growth is coming from high-margin stuff.
$0.010
Stock price when the opinion was issued
food processing
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TOP PICK
(A Top Pick Dec 17/09. Up 7.63%.) French exchange. Good growth in developed markets and very strong growth in emerging markets. Made an acquisition in Russia that will cement their dairy business there. Strong balance sheet. Reasonably priced. Move to health and wellness will be a big beneficiary to them.
food processing
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Compared to Nestle or Unilever, he prefers Danone, #1 in both dairy and plant-based, cheaper. Over the last decade, Danone has maintained its #1 position but has lost market share, stock's not up at all, slow to innovate. Real catalyst is new CEO who's made sweeping changes that will boost top and bottom line growth.
food processing