Consumer staples has never been a particularly sexy sector. And none less so than for 2007 what with all the hype about asian infrastructure, telecoms, construction, and pump priming for the economy. Me? I’m sticking with mummy’s milk.
And that’s because all the goodness and calcium and vitamins has translated into healthy sales growth, ROA and profit growth, giving this particular baby a healthy “8″. The only things I don’t like are the growing balance sheet and receivables… but with the recent retracement of its PE to around 18 it seems like a fair bet, especially if you notice that it has just hit resistance.
