J. M. Smucker Stock: Cheap, But Some Concerns As Well

JHVEPhoto/iStock Editorial via Getty Images Shares of The J. M. Smucker Company (NYSE:SJM) looked a lot better already in December of last year, in my view. This came after shares fell from the $140s in September 2023 to a level around the $118 mark, after a $5.6 billion deal for Hostess raised quite some questions on leverage, strategy, and in fact its growth potential. Amidst a non-demanding earnings multiple, I was concerned about the nature of the deal, leverage incurred, and a high-interest rate enviro ...