Pity poor Chuck. He's a great investor and number-cruncher, but he's got to argue for a stock that simply doesn't have what it takes.
As for the 9% divvy growth he touts, permit me a big yawn.
I computed the full, dividend-adjusted, compound annual growth rate of an investment in Wrigley
A final note: I hope that no one is too excited about yesterday's big management change, because it looks skin-deep to me. Bill Wrigley Jr. claims to be handing over the reins to former Johnson Wax and Nike
That sounds to me like "meddler-in-chief," which I think means that Perez will have his hands tied, as he did at Nike. His too-brief stint there was characterized by turf battles and lackluster returns. I see no reason to expect much different from Wrigley today.
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