General Mills was my first stock!
On November 27th, 2018 I made my first step into buying individual stocks. Yes, the consumer staple stock General Mills was my opener. As of today, I’m up 33% in that stock; let’s call it beginner’s luck.
At the time, I knew very little about how to value stocks. I think I knew about P/E ratios and how to look at a chart (whether it was going up or down), but that was about it. I certainly couldn’t tell you the importance of Return on Equity, what a payout ratio was, or any of that stuff.
I have since purchased GIS shares multiple times.
What did I learn in the process?
That I would have bought much more! Here is my initial video on General Mills stock.
GENERAL MILLS STOCK ANALYSIS
How do I currently feel about General Mills? I am holding and will continue to hold for a very long time. I do believe it’s currently overpriced and won’t be buying any new shares until it corrects. However, if we see a major correction I do believe it’s worthy of consideration for the dividend investor.
The only hesitation I have concerning General Mills stock is the level of debt on their books.