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Author: TMFTwitty Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 192  
Subject: Kellogg: They're Grrrr... Eh, They're OK Date: 10/31/2005 3:28 PM
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http://www.fool.com/News/mft/2005/mft05103127.htm?ref=btp

Kellogg: They're Grrrr... Eh, They're OK
By Stephen D. Simpson, CFA
October 31, 2005

....Such would seem to be at least partly the case for cereal and packaged foods company Kellogg (NYSE: K). While sales were up better than 7% in this quarter, operating income grew only 2%, and the reported double-digit increase in net income had more to do with better interest and tax expenses. For the year to date, though, free cash flow growth is roughly tracking operating income growth of about 6%.....
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