We first recommended Lamb Weston as a spinoff buy at $47 in our first issue of TSI Spinoffs, Takeovers and Special Situations. Since then—October 2017—the stock has risen 49%.
We feel Lamb Weston has more gains ahead as it continues to expand sales and profits. The company’s high market share could also make it an attractive takeover target for a larger food producer.
LAMB WESTON HOLDINGS INC. $70 (New York symbol LW, Shares outstanding: 146.5 million; Market cap: $10.3 billion; Takeover Target Rating: Highest; Dividend yield: 1.1%; www.lambweston.com) was a wholly owned subsidiary of Conagra Brands until November 9, 2016. That’s when Conagra set up Lamb Weston as a separate company. It then handed its investors one Lamb Weston share for every three Conagra shares they held.
Sells 80 million portions of french fries every day worldwide
Largest producer of frozen potatoes in the U.S., 2nd-largest globally
Operates 24 manufacturing facilities with over 7,200 employees
Has increased its dividend twice since the spin-off from Conagra
Lamb Weston maintains…
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