2024-06-06 12:28:06 ET
Summary
- Unilever has seen a rapid rise in share price over the past month, reducing the margin of safety.
- The company is divesting its ice cream business and focusing on four key areas: Beauty and Wellbeing, Personal Care, Home Care, and Nutrition.
- Unilever's recent trading update shows a stable market share, however, the restructuring program may create short-term headwinds.
- The first tranche of the share repurchase program has commenced as of May 17th.
Investment Thesis
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Unilever: Recent Performance Has Removed The Margin Of Safety