Buying CAG @ $33.30
2% position
I tend to stick to utility companies, but when hunting for cheap stocks I came across a company we all know and use regularly - ConAgra. They make packaged foods in a variety of brands you probably have in your pantry.
The stock hasn't really moved in 5 years - trading between $25 and $40 in that time. However, earnings have grown from $1.46/share to $2.66/share - leaving the stock trading at something like 12.5x earnings.
CAG also has a decent dividend yield at ~3.3% and recently increased the payout.
I owned some CAG a long time ago and think this is a decent place to begin a new position.
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