Jim Cramer on Magnum Ice Cream: “The Stock’s Trading at a Pretty Sizable Discount to Its Peers”

“Unilever didn’t look to privation it, but possibly it’ll beryllium worthy much arsenic an autarkic company. I’m optimistic. I’m going to archer you why. First, The Magnum Ice Cream Company is by acold the largest subordinate successful the industry… Put it each together, and The Magnum Ice Cream Company has 21% planetary marketplace share… This institution has already started turning around, with integrated measurement maturation going affirmative again, up 1.1% portion integrated income are up 2.8. Remember, they were down. The company’s gross borderline improved for the archetypal clip successful years. I’m reasoning this happening mightiness beryllium a gem… It seems similar the company’s trending successful the close direction, though. Everybody successful the snack nutrient abstraction lives successful fearfulness of Ozempic, yet Magnum Ice Cream’s putting up coagulated income and measurement growth. So, intelligibly they’re not being wounded excessively badly… At the extremity of the day, Magnum’s simply not suffering precise overmuch from the emergence of the GLPs… You’re talking astir a banal that’s selling for astir 12 to 13 times earnings. Now, let’s deliberation astir this… This is not bad…

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The Magnum Ice Cream Company N.V. (NYSE:MICC) is simply a multinational crystal pick and frozen dessert institution that controls a large chunk of the industry.

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