Hello, Share Munchers. The company that flogs Mr Kipling cakes has posted some exceedingly good figures. Premier Foods (PFD) seems to have been cheered by the pandemic rather than hit by it. And some of that is because folks are using more of the firm's ingredients to do more home cooking. It's eased the boredom of lockdown.
Picking shares that are worth buying at the moment is a real minefield as the situation with Covid-19 is changing all the time. It would be very easy just to sit here and say ‘sell everything’ and you could probably stick a pin in a list of stocks at the moment to pick a sell recommendation, and the chances are that it would go down, at least in the near time!
I commented on the lunatic management at Premier Foods (PFD) a couple of weeks ago HERE, who, after turning down a perfectly good bid, are circling the wagons against activist investors who want to help to start to create value by booting out the CEO. I could not agree more with their assertion that the CEO's tenure is 'five year of failure'...