Is Big Food Making Money at Conagra? — Market Mad House

In theory big food companies such as Conagra Brands Inc. (NYSE:CAG) appear to be a perfect value investment.

To explain, Conagra makes a product everybody needs all the time; food. Thus, Conagra has a recession-proof business with a mass market. However, to be a value investment Conagra needs to make money.

Currently, Conagra (NYSE: CAG) makes money. For instance, Conagra reported a quarterly gross profit of $797 million on quarterly revenues of $2.82 billion on 30 November 2019. In addition, Conagra reported…

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Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.