Is It Time to Buy General Mills Stock After the Latest Drop?
Is It Time to Buy General Mills Stock After the Latest Drop? General Mills (NYSE: GIS) posted earnings results this week, and, as they have in response to many of the company's recent reports, investors reacted harshly to the news. Shareholders also can't be excited about unfavorable industry trends that pair rising commodity prices with weak demand. Yet the company's latest report contained enough bright spots that investors might want to rethink the reflex reaction of avoiding this stock. General Mills' core sales rose by less than 1%, no real improvement over the flat results from the prior full fiscal year. But look beneath that top-line figure and you'll see signs of healthier demand trends over the last few months.