Please note we are adding General Mills (GIS) to Investing Ideas today. Below is a brief note from CEO Keith McCullough. Our analyst will provide an additional update this weekend.
I've been waiting, patiently, for a selloff to the low-end of my SP500 risk range - and today we have that...
Re-building the long book of ideas will also be a process. Today, in addition to PENN, I want to add one of Howard Penney's Best Long Ideas, General Mills (GIS).
The following is a summary of our 92-page Black Book on General Mills. We believe there are multiple ways to win:
- The current management transforms into an Activist management team - 15% chance
- Fundamentally – Gluten Free Cheerios is a home run – 20% chance
- Management sells the company – 15% chance
- An Activist shareholder takes a position – 50% chance