GMKKY - Bimbo's Short-Term Challenges Are Intensifying But There's Value For The Patient Investor
If Grupo Bimbo’s (BMBOY) (BIMBOA.MX) Osito, its white teddy bear mascot, were real, it would be pretty black and blue after the last couple of quarters. While Bimbo’s margin-improvement efforts in the U.S. do seem to be paying off, the company has seen a long run of market share losses compress revenue growth. Worse still, Mexico’s economy has slowed significantly and new labeling laws could weaken volume further, while the Latin American operations south of Mexico remain underperforming.
I was pretty cool on Bimbo back in late June, preferring