It's time for the company to focus on packaging and shed the remaining noncore businesses.
Despite the distraction created by the proxy fight H.J. Heinz HNZ has waged with activist investor Nelson Peltz for much of the year, the company reported better-than-expected results for its fiscal first quarter. While we are comfortable with our long-term assumptions for the company, we are ...
Modest pockets of value emerge among consumer defensive companies.
Widening investment-grade credit spreads and rising interest rates lead to losses.
Joseph Sullivan has served as interim-CEO since Oct. 1, when Mark Fetting stepped down amid pressure from activist investor Nelson Peltz to improve the company's performance.
T. Rowe Price readies an ultra-short bond fund, and David Resnick finally arrives at Third Avenue.
Some fund managers will outsource to take advantage of opportunities elsewhere.
We see continued margin pressures, emerging-market opportunities, spin-off acquisition targets, plus some pockets of value in the sector.
The consumer defensive category offers value and stability in a volatile market.