Raffa: Beatrice went under the radar as they did not increase the dividend. Management was asked on the call about the dividend, it was a bit of a heated response to that. I think the company is doing the right things, first of all, because what the company has done it has sold its biosimilar business and a really, really attractive deal. But they are also transforming their portfolio. So there's some elevated risk there. Of course, as a dividend growth investor, I wanted to see dividend growth. Still they could have given us even a quarter of a cent a hike here and just bought the difference in the back.
In this week's episode, we discuss 5 companies in our portfolios that we don't feel comfortable owning going into a recession.
News of the week includes Novo Nordisk Market cap which now exceeds Nestle. And Unilevers Shrinkflation on Ice cream.
Companies mentioned From EMF are HPQ, Danone, BASF,
The companies mentioned by EDGI are Omega HealthCare and 3M.
Reference Material -
chowder rule Archives - European Dividend Growth Investor (europeandgi.com)