$GIS
Added 2023-09-02 12:31:13 +0000 UTCI am spending the weekend doing some deep analysis on potentially undervalued stocks and looking at large companies at their 52 week lows this week.
Stocks that have been really beaten up over the last few weeks, possibly accelerated due to the market pull back.
General Mills here is one of them.
A fundamentally strong company, great margins and healthy ratios..
We can see on the chart that the decline is part of an ABC correction, with a relief bounce likely soon, we know this to be Wave B, however, later in a few months, this could be a very attractive buy so we will keep an eye on it in the back ground.
