Daily Stock Opinions and Ratings

Opinions

Michelle Calpin H. J. Heinz Co. HNZ-N DON'T BUY Apr 22, 2002

Trading at reasonable values, but slow growth and competition.

Michelle Calpin

Unknown

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$42.990

Stock price when the opinion was issued

food processing

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DON'T BUY

He has a model price of $30.78 which is a negative 10% differential.

DON'T BUY

Has been a lousy performer. Consumer staples, like food and beverage stocks, are usually regarded as defensive. Decent yield at 3.5% but it's not enough to get people excited. Have had cost pressures.

SELL

Has had some struggles over the last few years because have had no revenue growth over the last five years. You are getting a dividend yield, but not a whole lot more.

HOLD

Difficult story as a buy these days. Have some issues with one person trying to get on the board and that will be known September 15. This may create a little bit of upside.

BUY

Current tomato scare is in unprocessed tomatoes. This company processes by cooking. Agriculture in general is very strong. Very well positioned to profit going forward.

BUY

This is in the right spot for this kind of market. Consumer staples is a group that tends to hold up well in a bear market. One of the risks for the food industry is food inflation and the costs of the goods. They are getting through this pretty well so far.

DON'T BUY

Just reported with some negative news. Consumers staples type companies tend to be more defensive in nature and in times like this they get more expensive. Probably trading around 16-17 times earnings and probably just growing in single digits so not attractive.

COMMENT

Well run and the 3.6% dividend is pretty respectable. If you are an income oriented investor, this is a good one. They have never been able to grow revenue past the rate of inflation increase. Have been struggling with food costs inflation and transportation problems. Good value and a pretty decent balance sheet but there is not a great deal of growth opportunity.

COMMENT

Well-run company. During these tougher periods, they have concentrated on the lower price point products. They pay a very fine dividend 3.8%, which probably represents 40% of their total cash flows. Relatively slow grower.

TOP PICK

Very attractive dividend at 3.7%. Has a varied and well balanced emerging-market exposure, which accounts for about a 5th of the business. Expect there will be a nice rebound in the business as US restaurant business picks up when the economy stabilizes and recovers in the next couple of years.

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Michelle Calpin H. J. Heinz Co. HNZ-N DON'T BUY Apr 22, 2002

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