Buy, Sell or Hold: Even After a Near-30% Gain Campbell Soup Co. (NYSE: CPB) Still Has Room to Run

I first recommended Campbell Soup Co. (NYSE: CPB ) on June 1, 2009 . At the time of our recommendation, our price target was a minimum of $32. The stock is now trading just above $35 today - a 27% increase. What's more is that Campbell, which boasts a strong brand and above-average international sales potential, is poised to keep its winning streak intact. The market sometimes offers us compelling propositions, like it did last year, when the stock inexplicably sold off. We took ready advantage of the situation. Campbell Soup has a very large, stable and increasing cashflow. It is so stable that it is almost boring. In fact, this company's stability qualifies it more as a dividend play than anything else. In the two consecutive quarters following our initial recommendation, Campbell Soup torched estimates, as analysts on Wall Street had not caught on to our emerging markets growth story. The Street caught on in the last quarter but still has not fully recognized this company's potential.