A revised Food and Drug Administration consumer advisory for methylmercury (mercury) in fish should be good news for Star-Kist Foods parent Del Monte Foods
Although Del Monte's Star-Kist sells albacore, former ConAgra
Del Monte, meanwhile, with more than $1 billion in debt acquired a few years back along with a number of low-growth brands from H.J. Heinz
As it stands, the company expects earnings up to 9% ($0.91 a share) higher in the fiscal year ending next month. Moreover, the company is on track to generate in excess of $150 million in free cash flow, which should provide the opportunity to whittle down that $1.7 billion in debt.
Yet the story here is value, not growth, and Del Monte looks cheap relative to its peers. General Mills
The dark cloud -- and many would argue that it is not so dark -- is that Wal-Mart
Fool contributor W.D. Crotty , a tuna addict who went cold turkey when the initial FDA advisory was issued (to protect his inner child), does not own any stocks mentioned.