February 21, 2012 9:11 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a research report released earlier today, Gabelli reiterated its Buy rating on Campbell Soup (NYSE: CPB) as the company continues to strive for stronger top line growth.Gabelli commented in the report, “Revenue growth and cost savings initiatives ($150-200 m) includes the benefits from manufacturing efficiencies, leveraging SAP, plus restructuring savings should drive profitability improvements and mid to high-single digit earnings growth beyond fiscal 2012, which includes assumptions for share repurchase but not acquisitions, which could further enhance its global scale and earnings but is also a significant risk. The valuation remains attractive as CPB is currently trading at 8.8x 2012E EBITDA and 13.6x earnings. We calculate a PMV of $51 per share based on fiscal 2013 estimates; however, it should be noted that members of the Dorrance family own over 40% of CPB shares and hold five board seats.”Gabelli maintains its $51 PMV on Campbell Soup, which closed Friday at $32.90.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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