July 2nd, 2008
CNBC Bonus Bucks Trivia: Mmm: Food stocks. When Alexia Howard spoke to CNBC on June 24, which one was “at the top of her list”?
Mmm: Food stocks. When Alexia Howard spoke to CNBC on June 24, which one was “at the top of her list”?
At the top of her list is Sara Lee (SLE - Annual Report).
“It’s a combination of very strong price increases that we’ve been seeing in the market data, plus strong productivity improvements,” she said. “Sara Lee reduced its head count at the corporate center by 300 people at the end of the last quarter.”
Sara Lee gets low marks in the models I follow for both free cash flow and earnings quality.
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