Recent accounting irregularities at The Kellogg Company could begin to raise RED flags with major investors, Bernstein analyst Alexia Howard wrote on Tuesday.
She reiterated her "Underperform" rating on Kellogg with a $62 price target.
4 replies (most recent on top)
Seriously. Accounting irregularities and the company still shows a negative sales trend last quarter. Who is running that ship.
What's lost in this whole transition is WHO is really benefiting from the reduced case costs going forward. As far as I can tell, and have been told, Walmart is the only retailer on my territory that is directly benefiting at street level. For example, CNS, Aholds distributor will more then likely s--- up any case cost reduction and not pass on any savings to store level. Walmart ,with its own warehousing system, will directly see the case cost savings. Walmart has no distributor/warehouse middleman.
So Ahold stores see no case cost reduction and s--- on increased labor and shrink costs.
No wonder accounts are pissed and account cooperation has been eroding.
It's a Win Win!
Game on!
I sold my stock when I herd we would loose our jobs august 18 , paid off my house and all other bills, glad I had a way out, they did me a favor, I've been unhappy here for years, game over . Kellogg's s..ks.
U know when the ceo sells a ton of stock in Kellogg recently u know it's time to turn off the lights the party over game over