2024-04-03 13:02:00 ET
Summary
- Associated British Foods plc stock has nearly doubled in price since I rated the company as a high-conviction idea.
- Revenue growth should remain elevated as Primark's expansion in the U.S. gains momentum, while margins are also likely to improve.
- The share price, however, does not seem to reflect such a scenario, which is good news for shareholders looking to increase positions.
Associated British Foods plc ( OTCPK:ASBFY ) is a business that is hard to understand by most investors. Not because the company operates in a number of different sectors, but rather because of the way it is managed....
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Associated British Foods: There's More Upside After Nearly Doubling In Price