Reckitt Benckiser: Maybe Caution Is Appropriate [Seeking Alpha]
RECKITT BENCKISR GP S/ADR (RBGLY)
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Source: Seeking Alpha
Aside from the results, Mead Johnson - a subsidiary - had to pay a $60 million dollar fine and investors obviously fear more lawsuits to come. The stock is probably undervalued but at this point, we should be rather cautious about an investment. In November 2023 I wrote my last article about Reckitt Benckiser ( OTCPK:RBGPF ) and I stated my optimism for the long run. And while we can certainly argue that four to five months is not really “the long run”, the stock performed horrible since my last article. In the last few weeks, two major news stories seemed to have a big influence on the company and also on the stock price – the reported annual results for fiscal 2023 and the litigations about the infant formula of Mead Johnson (a subsidiary of Reckitt Benckiser). I will provide an update in the following article and assess if Reckitt Benckiser is still a good long-term investment despite the recent developments. At least the stock is now 20% cheaper than at the beginning of Nov
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News
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- Reckitt Benckiser Group Full Year 2023 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance