FDP acquisition

FDP has little debt and lots of cash so when the opportunity arose to buy the assets of Del Monte Foods Europe, they had the means. Motley Fool is very bullish on FDP and they love both the company and this deal.

I also like FDP. Despite a nice run up in the past 5 days (25.50 to 26.17), there seems to be plenty of room forward considering the PE of just over 8 (PEG = 1.04) and the yield of over 3%.

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