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What is the outlook for Sara Lee this year?

When is the $3/share dividend expected to happen?

Jan 12, 2012 by Daniel from San Luis Obispo, CA in  |  Flag
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5 votes

To quote Dr Eugene Fama "I'd like to compare stock picking to fortune telling, but I don't want to insult the fortune tellers"!

Comment   |  Flag   |  Jan 30, 2012 from Cleveland, OH

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3 votes
Eric Level 17

Daniel. Most advisors on this site are modern portfolio theorists; they believe the bulk of returns are derived through asset allocation and participating in the overall market returns, not from individual stock selection. Asking for specific stock advice on an open forum probably won't yield much more then what has already been said. I personally believe in the merits of both philosophies. Investing philosophies all have their pros and cons and each one works in specific time frames and market cycles. But to answer your question:

Sara Lee is essentially be broken up. According to the press release:

"A distribution of the CoffeeCo common stock will be made after the market close on June 28, 2012 to the exchange agent on behalf of the Sara Lee shareholders of record as of the close of business on June 14, 2012 [the record date]. Immediately after the distribution of the the CoffeeCo common stock, CoffeeCo will pay a $3.00 per share special dividend."

Hope this helps answer your questions.

Comment   |  Flag   |  Aug 08, 2012 from Denver, CO

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According to the Sara Lee website, their last dividend was paid 1/9/12. I saw no announcement of a special dividend in their investor relations section.

1 Comment   |  Flag   |  Jan 12, 2012 from Port Chester, NY
Mike

I think what he's asking is how you think the company will do in 2012. I'm not sure many advisors have strong opinions about individual companies and stocks these days.

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Flag |  Jan 12, 2012 near San Diego, CA

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In a crumby economy, they could continue to have a cakewalk as people love comfort foods. So I'd say the outlook is definitely sweet. They definitely have grounds to pay the dividend you are curious about.

Sorry, couldn't resist. Puns definitely intended.

I must concur with Eric's and Jeffrey's answers.

Comment   |  Flag   |  Aug 10, 2012 from Arvada, CO

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