Nestle Investor Says Stock Too Cheap After Worst Year on Record [Yahoo! Finance]
NESTLE S.A S/ADR (NSRGY)
NASDAQ:AMEX Investor Relations:
nestle.com/investors
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Source: Yahoo! Finance
Stern & Co., which has been increasing its holdings in the face of widespread market concern about the pace of a turnaround at the Swiss consumer-goods giant. Most Read from Bloomberg New York City's Historic Preservation Movement Is Having a Midlife Crisis NYPD Car Chases Are Becoming More Frequent — and More Dangerous Dakar's Air Quality Plummets as Saharan Dust Descends on Senegal The shares have fallen 25% this year, on track for the biggest annual drop on record, and that makes them “far too cheap,” Christopher Rossbach, chief investment officer of J. Stern, said in an interview. “The time to buy a quality company like Nestle is now, when investors have lost faith in it,” said Rossbach, whose World Stars Global Equity fund has been adding to its Nestle holdings throughout the course of the year. For a company long associated with stability, it's been a turbulent 12 months. Just a few weeks after reducing its sales guidance in the summer, Nestle ousted its chief exec
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