Keeley Funds Comments on Flowers Foods Inc.

Guru stock highlight

Author's Avatar
Nov 16, 2015

The fund’s top performing position during the quarter was Flowers Foods Inc. (NYSE:FLO) which rose over 17 percent and added 20 basis points of return to the Fund. Although the company resides in the defensive consumer staples sector, which benefited the stock as investors sought protection, Flowers is finally starting to see the benefits from the Hostess bakery operations they acquired out of bankruptcy. They also recently announced the acquisition of two organic bread manufacturers, providing a growth path in higher margin products.

From Keeley Small Cap Fund third quarter 2015 commentary.