Dean Foods (DF) is the leading U.S. dairy processor and distributor. After completing the spin-off of WhiteWave (WWAV) last month, we feel it's time to reassess Dean Food's valuation multiples and earnings expectations. After reducing debt and shedding non-core businesses the company should trade at higher multiples, more in line with the industry. We think the upside could be near 100%, not including the potential for an impressive dividend.
What is Dean Foods?
Dean Foods is a leading processor and distributor of milk and other dairy products in the U.S. Some of Dean Foods' key initiatives of late include divesting non-core assets to help promote longer-term earnings growth.
Dean Foods divested its Morningstar...