Taking a look at a recent 8-K filing, we can the company’s second quarter earnings for the 2017 fiscal year. Net sales decreased 8 percent, but excluding the noncomparable divested United States canned milk business, net sales decreased 5 percent. Net income per diluted share increased 3 percent to $1.52 and cash provided by operating activities was $136.4 million in the second quarter. Overall, the numbers appears to be in line with a normal business flow, but let us take a look at the chart and see if price agrees.
Price has fallen in recent months, which may have provided a solid entry opportunity for potential investors. The chart seems to have caught some support around the $123 area and is on the way back up. If you believe this uptrend is going to be around for awhile, I certainly would have no problem entering here as price is just beginning to turn around. Be careful and make sure you do enough research because this could be a false change in trends.
Valuation Drivers Correlation
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