The Mead Johnson Acquisition May Not Be Intuitive but Positions RB for Long-Term Growth
RB closed the books on a year to forget in 2017 with a fourth quarter that showed that although it is far from firing on all cylinders, the core business appears to be stabilizing. These results show that RB is not immune from the ongoing structural changes in consumer staples retail, but with a portfolio that is increasingly skewed to businesses with pricing power, a key reason for our wide moat rating, we think RB has a better chance than most in its peer group of reigniting organic growth. Th...
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