The Italian firm's shares, re-listed in 2005, remain well below their high two years ago at 1.53 euros.
Special-situation investors have been exiting the stock now that most legal gains are behind Parmalat.
What is left is a milk, yogurt and juice producer whose shares trade well below those of rivals such as Nestle
Parmalat, which has a strong balance sheet post bankruptcy, also should benefit from improving prospects for its sales in Australia and South Africa and continued gains in Italy and Canada.
That said, Barron's noted Parmalat shares are already up one third since bottoming out December 29 last year.
(Reporting by Joseph A. Giannone; Editing by Jan Paschal)