GMKKY - Gruma Undervalued Particularly With Premium U.S. Products Performing Well
Gruma (OTC:GMKKY) (OTC:GPAGF) (GRUMAB.MX) shares haven’t exactly been on a tear over the last six months or so, but the stock has at least outperformed the Mexican stock market as a whole and trailed the S&P 500 only modestly. This middling market performance comes despite real progress on important fronts for the company – particularly the expansion of its premium product line in the U.S., which has helped drive volume and market share growth.
These shares look undervalued to me, with underlying assumptions of mid-single-digit revenue growth and mid-to-high