Global food giant Nestle looks good.
20.05.12
No, it's not sexy. But money is sexy, and a handful of food companies have quietly been collecting more and more of it -- partially because they're tapping into new territories, and partially just because the planet is forever increasing the number of mouths to feed.
It might not be a "perfect storm" for revenue growth, but a "perfect drizzle" can bear fruit too.
What you missed out on
Odds are good you don't own any shares of Nestle ( NSRGY ). Yes, the company that's famous for its chocolate milk mix, at least in the United States. There's much more to the company than just that though, particularly overseas. It manages brand names Nescafe, Perrier, Jenny Craig, Haagen-Dazs and Carnation, just to name a few.
It's a pink sheet ADR, which right off the bat steers a lot of investors clear. Before you shrug it off, though, you should know it's not your typical OTC equity. It's a pink-sheeter because the Swiss company has decided it's just not worth jumping through all the hoops necessary to maintain an exchange listing in the United States. But Nestle still trades like a blue chip, as the company still is one of the world's most legitimate, earning $10.3 billion last year. More important, shares of NSRGY have doubled in value over the past three years thanks to some impressive results.
Source: MSN Money