Flowers Foods, Inc. (NYSE:FLO)

I'm not exactly sure how it came about, but shares of Flower Foods dropped 10% in one day. Their earnings report came out yesterday and although it could have been better, it wasn't run-for-the-hills-bad. In this quarter they announced a 3-for-2 stock split and increased their annual dividend rate by 12% per share. Flowers Foods acquired Tasty Baking Company (along with Tastykake's debt) and they've had to layoff some employees due to redundant positions after the merger. Earnings per share were less than what analysts predicted due to "higher input costs across all segments," (ingredients, packaging, natural gas).
Many shareholders couldn't stand the heat so they fled the kitchen. In my opinion, the sell off was a bit overboard. Flowers' management is excellent and have shown that they can manage risks, reduce costs and make intelligent acquisitions. The company is a slow and steady grower that pays a dependable dividend.