Investors should 'buy' shares of Carr's Milling Industries (CRM), according to the Questor column in The Telegraph, which believes that the stock is "overlooked and undervalued". The paper explained that Carr's Milling is often overlooked by the market given that analysts struggle to put a value on the company, which is an "odd mix" of flour milling facilities, a nuclear robotics engineer and an animal feed business. Questor said that the firm's third-quarter trading update on Tuesday showed a "strong performance across every division". What's more, the shares are rated on a "fairly conservative" 13.8 times earnings - the multiple falls to 12.1 times next year - which is why the paper rates the stock as a 'buy'.
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