NoDerog I have been very skeptical of The J. M. Smucker Company (NYSE:SJM) stock for quite a while, as the management has adopted a rather unpopular approach to grow the business through large acquisitions. It usually takes time before poor capital allocation decisions translate into the share price, and this did happen for SJM in calendar year 2023. Following the drop, I turned neutral on the stock in December, but also highlighted some ongoing risks for shareholders. Since then, SJM stock continued to dis ...