I don't want to spend too much time defending Smucker's (NYSE:SJM) fiscal first quarter results, as I thought they were fine. Still, the Street is likely to be concerned about the pace of growth in K-Cups and the question of whether the company can maintain its significant share in the retail coffee business against the likes of Kraft (Nasdaq:KRFT), Green Mountain (Nasdaq:GMCR), and Starbucks (Nasdaq:SBUX). To the extent that history is any indication, I expect Smucker shares will be fine, though the valuation has gotten a bit steep in a still-expensive packaged food sector.
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http://www.investopedia.com/stock-analysis/082113/history-suggests-street-will-get-over-disappointing-smucker-results-sjm-krft-gmcr-pf.aspx
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» Investopedia: History Suggests Street Will Get Over "Disappointing" Smucker Results
Wednesday, August 21, 2013
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