Spin off from Bristol Meyers. Great play on the rising middle class in emerging markets. An attractive longer term stock with a little bit of yield.
Stock price when the opinion was issued
(A Top Pick Nov 12/12. Up 25.22%.) Should breach $86 in the next 12 months. Basically this is instant formula, which in emerging markets is a big growth area. Their brands have a premium because they are regarded as being safe as well as nutritious.
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Private Wealth Management, ScotiaMcleod
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at Raymond James Investment Counsel Ltd.
Boston Private
Spin off from Bristol Meyers. Great play on the rising middle class in emerging markets. An attractive longer term stock with a little bit of yield.