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…