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Hi everyone,

Just put together an earnings take for Dean Foods and its first quarter. New expectations at $12.32 per share are 8.3% / 4.2% / 2.5% at 15% discount rate. That's still below the 13.5% 5-year historical rate for FCF growth, so we're not anywhere near having messed-up expectations to the high side. Right now, just enjoying the 47% returns for this company since it was purchased for the port. :-)

Cheers,
Jim
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