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Campbell Soup Is Hot Because Stability Is the New Growth
Campbell Soup (ticker: CPB) closed up 10% on Wednesday after the company reported better-than-expected earnings per share.
Campbell earned 77 cents per share in its fiscal-year 2019 second quarter. Analysts predicted the company would earn 71 cents per share.
The stock has had a rough go of it lately, losing 2.6% annually for the past five years. That performance prompted activist investor Dan Loeb to get involved last year—a surprise to some analysts since Campbell is still controlled by family shareholders.
Loeb was successful in making board changes and getting a new CEO appointed. It’s too early to call the Campbell turnaround a success, but its stable results are enough to satisfy investors today.
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https://www.marketwatch.com/articles/cam...latestnews
![[Bild: CPBc1dl1659.png]](https://finviz.com/publish/022719/CPBc1dl1659.png)
Campbell Soup (ticker: CPB) closed up 10% on Wednesday after the company reported better-than-expected earnings per share.
Campbell earned 77 cents per share in its fiscal-year 2019 second quarter. Analysts predicted the company would earn 71 cents per share.
The stock has had a rough go of it lately, losing 2.6% annually for the past five years. That performance prompted activist investor Dan Loeb to get involved last year—a surprise to some analysts since Campbell is still controlled by family shareholders.
Loeb was successful in making board changes and getting a new CEO appointed. It’s too early to call the Campbell turnaround a success, but its stable results are enough to satisfy investors today.
...
https://www.marketwatch.com/articles/cam...latestnews
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