I also want to you to keep an eye on Lancaster Colony (LANC). The company makes food products — everything from salad dressing to frozen noodles. Lancaster sold its candle-making division back in January for $28 million to focus on the core food products business.
The company posted its first positive earnings surprise in a year last quarter, and the renewed focus on management could lead to more such surprises in the future. The company also just raised its dividend for the 51st year in a row!
The stock was upgraded to a “hold” by Portfolio Grader in January and future upgrades would seem likely. Wait for the stock to be upgraded to a buy in Portfolio Grader and be a buyer of this potentially powerful stock when it happens.