Like most of the big names, $CPB
is more than just soup. Plum Organics, V8 Juices, Goldfish crackers, etc. See Ian Bezek's rationale in his IMF series. Today's selloff is definitely an overreaction to a meh quarter. Bought shares today, but FWIW I'm not a huge $CPB
fan. Even with the selloff, I have a feeling I'll be asking myself why I diversified instead of using the cash to buy more $PEP
at its current sub-$100 level.