Greek Deja Vu
See if you can guess what I’m talking about:
–It’s from Greece.
–Leading American companies are playing a central role in creating and exporting it.
–It’s likely to affect every American household.
Greek . . . . yogurt!! (what did you think I was going to say, “sovereign debt?” “Financial contagion?“).
It turns out that General Mills and several other American food companies are placing big bets that Greek yogurt will join cereal and bagels as “the next big thing” at Americans’ breakfast tables.
I had some at General Mills’ annual meeting yesterday — held at the Minneapolis Children’s Theatre — and happen to agree.
Full disclosure: I own 100 shares of General Mills stock in one of my kid’s college fund.
P.S.: Did you know that General Mills has its own corporate flag?
On stage, next to the U.S. flag, is what sure looked like General Mills’ standard.
And why not?
Based on what I saw yesterday. . . . its a whole lot better run than most sovereigns these days.