Stocks of Food Companies Like Steve Sanger's ('68) "On a Roll"
February 4, 2007
February 4, 2007, Greencastle, Ind. - "The last 12 months have been good for stocks, but they've been even better for food stocks," Stephen W. Sanger, chief executive officer of General Mills and 1968 graduate of DePauw University, tells the Wall Street Journal. Sanger is quoted in a report that states, "Food stocks have been on a roll, rising 17% last year on average, compared with 13.5% for the broader Standard and Poor's 500-stock index."
The Journal's Steven Gray notes, "Part of the uptick is due to risk-averse investors viewing food as a relatively stable sector at a time of economic uncertainty." The article points out that Sanger's company "reported better-than-expected earnings in recent weeks."
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Steve Sanger and DePauw were cited in a January 19 piece in the Minneapolis Star Tribune. Read more in this previous article. He received an honorary degree from DePauw at its commencement exercises in May 2004.
Read more, and access a video clip, here.Back