Monday, December 28, 2009

Folgers Coffee purchase gave Smucker one profitable jolt

Three straight quarters of record sales and earnings -- including profits that have more than doubled three times -- have a way of silencing your detractors.

"The proof in the pudding is what the market thinks of what you've done, and their stocks have gone up more than the markets have gone up," said Fariborz Ghadar, professor of global management, policies and planning, and founding director of the Center for Global Business Studies at Penn State University. "These guys have done better than the market -- in a very challenging environment."


Cleveland.com

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