Among other bargain stocks, we’ve discovered a diversified Canadian food processing company whose brands have a lot of enduring value, and whose core business, meat processing, represents 70 percent of total sales.
We figure that no matter what the economy does, people will always need to eat. So, we doubt that consumer spending on groceries will decline very much. The key for smart, conservative investors is to be in food company bargain stocks that have sound fundamentals.
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For more tips on preparing for a secure, worry-free, retirement with bargain stocks that will enable you to attain financial independence, see the September 2008 issue of The Successful Investor, the acclaimed newsletter for discovering the secrets of “safety-first” investing with a conservative, reduced-risk strategy that consistently and reliably beats other approaches.
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A recent cost-cutting plan and major restructuring should improve the profitability of these operations, which include fresh and frozen bakery products. The company recently sold off some less profitable operations and scaled back on others. It is also investing heavily in new plants and equipment.
It will probably take this company another few months before it begins to fully realize the benefits of its restructuring plan. Meanwhile, sharply higher prices for grains and energy will continue to hurt its profitability. So why doe this rank as one of our favorite bargain stocks?
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For more tips on investing in bargain stocks with a conservative, reduced-risk strategy, see The Successful Investor, the acclaimed newsletter that helps you recession-proof your investment portfolio to ensure that you have funds you need for retirement.
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We consider this one of Canada’s bargain stocks because the company’s sales and earnings are trending up sharply. It’s stock trades currently at about 36 times projected 2008 earnings. But 2009 projected earnings could be as much as 83 percent higher, resulting in a more reasonable price/earnings ratio of 20.
Hidden assets at a bargain price make this stock a “buy.”
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