CEO David Trainer sat down for an interview with Chuck Jaffe of MoneyLife and MarketWatch.com to discuss our Danger Zone call for the week of March 16.
Pinnacle Foods (PF) which normally flies under-the-radar, found itself in the news last year when Hillshire was forced to cancel its merger deal with Pinnacle on June 30 in order for Hillshire to sell itself to Tyson (TSN). Pinnacle received a $153 million breakup fee as a parting gift, and the stock is up 24% since then. However, we believe that this Consumer Staples stock is not only overvalued, but in a poor position in a struggling industry. Pinnacle also makes our Most Dangerous stocks list for March.
Listen below:
Photo credit: Carl Lender