Nestlé Shareholder Loeb Tells Investors to Keep Eye On ‘Rosy’ Growth Outlooks
Dan Loeb, the activist investor that last month stated that he believes fundamental changes are necessary at Nestlé if the food business is to return to strong growth, has said that while he keeps a close eye on inflation and interest rates in the marketplace, concerns should be raised if investors are overly optimistic about earnings and economic growth.
“The more pressing issue is whether the rosy assumptions that everybody has about earnings growth this year and next year will be met,” Loeb said Thursday on a conference call discussing results for Third Point Reinsurance Ltd., where he oversees investments.
“I’m not saying they won’t be met, but it’s definitely something, given some of the recent economic data which tends to be noisy, we need to keep an eye on.”
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!