Fund manager Olstein puts Del Monte on the shelf

Aug 31, 2005

To hear Robert Olstein's rapid-fire harangue, it would seem the staccato-voiced mutual-fund manager is ready to can his investment in Del Monte Foods Co.

"Here's a company that we think has free-cash-flow capability of between $1 and $1.25 a share," Olstein said. "At this price, this would be an outstanding acquisition candidate."

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