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No. of Recommendations: 13
Knorr3 wrote:

What company owns the Progresso brand? Progresso soup is infinitely better than Campbell's
I believe Pillsbury has that distinction, however, if you're looking for a company to invest in, you better pick another. To the best of my knowledge, Pillsbury is still a privately held company.

Soups up!!



You are half right. It is a division of Pillsbury. Pillsbury is a division of General Mills as of just a couple of weeks ago. Before that Pillsbury was under a company that also owns Burger king among other brands called Diageo.

GIS - General Mills is an all around great, yet conservative company and has a terrific DRiP to boot. Of course, make sure GIS is right for you before acting on your own behalf. Value Line should give you a good snapshot of what GIS is all about.

As far as the DRiP is concerned, the plan allows for monthly investment around the 1st of the month. A range of $10-3,000 per investment, and has ACH at no additional cost available. The transfer agent is Wells Fargo. The only quirk I am not really totally happy about is that they only send statements out when they pay/reinvest dividends, regardless of any investment done interim of the dividend. However, it isn't near enough a big deal, as I have this one on autopilot (ACH) and if I am compelled to send in an additional investment to my ACH, at this point; I have enough older statements' stubs I can use. Besides, you don't have to have a stub to invest, just send a note with your investment indicating your acct #, SSN#, and the company name. That will take care of it.

Anyway now I am kind of off track, but I am very satisfied with GIS. That is all.

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