Nomad Foods: Great Fishing In Troubled Waters
Summary
- Nomad Foods is experiencing strong growth: from 2016 to 2020, the company's revenue grew 6% year-over-year and its earnings per share grew 13% year-over-year.
- There were temporary supply chain disruptions due to the war in Ukraine.
- The company rewards its shareholders by repurchasing shares.
- Valuation is favorable, rising profits, share repurchases and appreciation of the euro should drive the share up.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of NOMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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