Spinoff will unlock value

We’ve had great success over the years in picking stocks with underappreciated assets. ConAgra, a long-time favourite, is a prime example. It has just handed out shares in its Lamb Weston subsidiary to its investors. Parents and spinoffs tend to outperform comparable stocks. We think… Read More

ConAgra opts for spinoff instead of sale

CONAGRA FOODS INC. $47 (New York symbol CAG; Income Portfolio, Consumer sector; Shares outstanding: 438.7 million; Market cap: $20.6 billion; Price-to-sales ratio: 1.8; Dividend yield: 2.1%; TSINetwork Rating: Above Average; www.conagrafoods.com) makes packaged foods, including Chef Boyardee canned pasta, Hunt’s tomato sauce, Peter Pan peanut… Read More