It got an upgrade today from UBS, and rose 3.7%. The consumer space is getting killed by e-commerce, but Unilever has countered this trend by making strategic acquisitions. Last 5 years, total returns have been 15% vs. P&G's 2%. Unilever has mroe than 50% of its products in emerging markets which trust brands, so they can grow. Beta is low, because they deal in consumer staples. Has owned it for a long time.
His own research indicates they're playing accounting games with discount rates for their pensions as well as share buybacks. So, he won't touch it. Offers a little growth, but not price appreciation unlike with software companies.