Investment Idea #18
Variety is the spice of life but the greatest spice is hunger!
The stock we are discussing today is a Dividend Aristocrat i.e. it has been paying and increasing dividends for the last 25 years. The following slide exhibits the confidence that management has on their business. It has actually achieved its LT objectives. The numbers are not just some aspiration targets.
Net profit was USD200m in 2004 but will hit USD800m in 2024. Share price has grown 6-7x over that time frame and as shareholders, we can also count on the clockwork dividends. The stock has corrected recently due to weakness in the US consumer market and that presents us the opportunity to buy.
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