Food stocks are viewed as 'classically defensive,' meaning that the earnings hold up well across a dip in the economy, across a recession.
More Quotes from Jaine Mehring:
I've asked the company for some time about whether Morrison would leave, and the recent answer was 'who knows'.Jaine Mehring
There's a belief that the company is going to miss the consensus earnings estimate in a big way. It has certainly been a difficult tenure for Dale, but you have to give him the benefit of the doubt - he was dealt a really tough hand by David when Morrison took the helm in 1997.
Jaine Mehring
With some deals already on the table and others supposedly on the table, food company managers suddenly have a reason to have an open mind.
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