Steven Scruggs Comments on TreeHouse Foods

Guru stock highlight

May 05, 2022

Summary

A top detractor.

TreeHouse Foods, Inc. (THS, Financial), a manufacturer and distributor of private label food, announced in November2021 a plan to explore strategic alternatives. The company has been under pressure from activist investor Jana Partners (Trades, Portfolio).¹¹ The company has resisted a sale of the entire business but continues to look for strategic divestitures. While the company appears reasonably valued, we are concerned about its long-term outlook and have reduced our holdings.

From Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund fist-quarter 2022 commentary.

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I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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