Can Hershey's Run Continue?
Chocolate and confection maker Hershey (HSY) is holding an analyst meeting today in New York. HSY shares have been a strong performer year to date -- up 12% before dividends -- and have outperformed the S&P 500 since I first recommended the shares here last October.
I chalk that out performance up to a several factors, including the inelastic nature of Hershey's products. Chocolate in particular is a guilty pleasure that in my view consumers will buy no matter what the economy is doing. And let's not forget the company's annual dividend of $1.52 per share, which was upped 8.5% this year and falling commodity prices that bode well for the cost side of the company's equation....639 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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