Smucker share rise a good bet – Barron’s

NEW YORK, Dec 5 (BestGrowthStock) – A further rise in shares of
J.M. Smucker Co. (SJM.N: ) is a good bet, despite the likelihood
of higher coffee prices hitting its Folgers business, according
to the Dec. 6 edition of Barron’s.

Higher commodity prices for not only coffee but other
products sold by the packaged foods producer are also worrying
investors, the financial weekly said. But with earnings trading
at 14 times estimated earnings for the fiscal year ending in
2011, the company’s stock is below other industry players who
change hands at 15 times earnings.

But the focus on coffee could mean investors are missing
other growth drivers at Smucker, where earnings are expected to
rise 12 percent in the 2011 fiscal year, Barron’s said.

The stock is up 5 percent since Barron’s last reported on
Smucker and Barron’s said, “It’s a good bet more gains are in
store.”

(Reporting by Caroline Humer; editing by Gunna Dickson)

Smucker share rise a good bet – Barron’s