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So now you've got a fully integrated business in North America, the surile business,

which now has to be pulled back out and separated. So there's going to be some costs certainly

of trying to stand that company up below and I think that's one area where there's still some questions.

Hello and welcome to the Baron Streetwise podcast. I'm Jack Howe and the voice you just heard

is Brian Spillane. He's a food and beverage analyst, a B of A securities and he's talking about

Kellogg's announcement that it will split into three companies. That move is meant to unlock

value but investors didn't seem carried away with enthusiasm. We'll hear why and Brian will tell

us which food stocks he thinks are good defensive buys now. Plus we'll talk with a top investment

strategy just about why a U.S. recession isn't a sure thing but why earnings estimates will have to

come down. Listening in is our audio producer, Jackson. Hi, Jackson. Hi, Jack.

Favorite breakfast cereal. Let's hear it. Many weats. Is that the one with the frosting or

if we just talking plain shredded wheat? I'm thinking frosting. So maybe the correct terms.

It's still a fallen. Okay. The correct answer we were looking for is something on the night of the

delicious like cinnamon toast crunch. Now there was big restructuring news in the cereal aisle

this past week. Kellogg announced on Tuesday that it will divide the company in three separate

independent companies. More than 100 year old consumer giant is set to now become three public

companies. So let me tell you how this is going to work. Kellogg announced that it'll split into

three companies by the end of next year and yes I said Kellogg singular. That's the name of the

company that trades under the ticker symbol K the Kellogg company Kellogg's with an apostrophe S

...