i luv spc baked beans & spaghetti

  1. 1,380 Posts.
    Herald Sun
    August 25th 2003

    SPC is probably best known for it's baked beans and spaghetti not to mention peaches in syrup, but there is far more to the Company than canned fruit and vegies.

    Few people realise that post acquisition of Goodman Fielder by Burns Philp, it is now the largest Australian owned and listed food company.

    With a relatively stable and defensive earnings base we believe the company is set to deliver strong earnings growth over the medium term.

    Technically, a buy signal has benn triggered with the stock breaking above $1.45. This leaves behind a two year base that gives $1.80 targets over the mid-term with portfolio players comfortably setting their targets at $2.10.

    Make this a portfolio buy.

    George Tsarouhas
    Private client adviser
    Tricom equities.
 
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