Topic: How To Invest

What is Pat’s commentary for the week of July 31, 2018

Article Excerpt

In a recent Hotline for our Spinoffs, Takeovers & Special Situations newsletter, we alerted investors to the increasing likelihood that Campbell Soup Co. (a recommendation of our Wall Street Stock Forecaster) would either put itself up for sale or spin off some of its operations. Below is our expanded analysis of Campbell Soup, including its strong takeover appeal. CAMPBELL SOUP CO. $40.90 (New York symbol CPB; Shares outstanding: 300.6 million; Market cap: $12.3 billion; www.campbellsoupcompany.com) was founded in 1869 by Joseph A. Campbell. It initially produced canned tomatoes, vegetables, jellies and meats. In 1897, chemist John Dorrance began working for the company. He developed a way to remove half of the water from soup. That greatly cut the weight of a can of condensed soup, making it cheaper to transport. Dorrance later became the company’s president, and bought out the shares held by the Campbell family. His descendants still control about 41% of the company’s shares. Campbell is now the world’s largest maker of…