Cocoa and Cash Flow
Issue 2;
Our next recommendation in ByteTree Quality is a company with a world class portfolio of consumer goods brands.
Founded as the result of a 19th century scientific breakthrough, it has grown into one of the best-known companies in food. From babies to adults, and grandparents, it meets the nutritional needs and desires of consumers all over the world. After a tough few years impacted by short term issues, it has entered buy territory for long term investors.
It owns some of the most desirable brands and products on supermarket shelves, driving healthy returns on capital with a whole world to grow into. It has bought back a third of its shares over the last 15 years, while growing free cash flow per share by 19% per year since 2000. One of the key drivers of its recent weakness has begun to turn, which will take the brakes off the company’s financial performance.
Our first note on spirits giant Diageo was free, this one is for subscribers only.
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Investment Director: Charlie Morris. Editors or contributors may have an interest in recommendations. Information and opinions expressed do not necessarily reflect the views of other editors/contributors of ByteTree Group Ltd. ByteTree Asset Management (FRN 933150) is an Appointed Representative of Strata Global Ltd (FRN 563834), which is regulated by the Financial Conduct Authority.
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