Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, January 8, 2010

Article Excerpt

Next week, Stock Pickers Digest, our newsletter for aggressive investors, will reveal its #1 pick for 2010. Don’t miss this unique opportunity to profit. If you’re not already a Stock Pickers Digest subscriber, click here to learn how you can get one month free when you subscribe today. KRAFT FOODS INC., $28.93, New York symbol KFT, is selling its North American frozen pizza business to Switzerland-based food company Nestle S.A. This business sells frozen pizzas under the DiGiorno, Tombstone and Jack’s brands in the U.S., and the Delissio brand in Canada. It accounts for about 4% of Kraft’s sales. Nestle will pay Kraft $3.7 billion when the sale closes later this year. That’s equal to 1.3 times Kraft’s 2008 earnings of $2.8 billion, or $1.88 a share. Kraft is still trying to take over U.K.-based Cadbury plc (New York symbol CBY). Cadbury is a leading maker of confectioneries, including chocolate, candy and gum. Buying Cadbury would help Kraft sell more of its foods…