When a CEO Takes Your Breath Away
Not often do you just sit back and marvel at what executives are doing. Yet on Thursday night I marveled at two of them: Jeff Ettinger at Hormel Foods (HRL) and Charif Souki from Cheniere Energy (LNG).
Hormel's decision to buy the Skippy peanut-butter business from Unilever (UN) -- announced Thursday -- is simply brilliant. The company will now dominate lunch, particularly the-bring-your-own-lunch contingent -- perfect for a country where the average worker is making less and less each year. Hormel is the player in ham, the No. 1 sandwich meat; this buyout will now make it the No. 2 player in peanut butter, the second-most-favored sandwich. It's incredible how smart that is....372 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.