J.M. Smucker (NYSE:SJM) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta offers up the one reason he's considering selling the stock despite its gain since he bought those shares a little more than a year ago.
In summary: J.M. Smucker is a great company with awesome products people use every day. Its balance sheet is still solid, and its dividend remains well-covered and growing. The key concern is the company's valuation, as its market capitalization is now ahead of what looks like a reasonable fair-value estimate.
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