Swallow Your Hershey Gains

It certainly is sweet when a stock you own runs away to the upside, but you have to recognize the unsustainable valuation if you want to avoid the post-rush letdown. Keep that in mind as you consider Hershey (HSY), whose shares hit a new all-time intraday high of $97.94 Tuesday before closing at $97.69.

Unfortunately, Hershey's price-to-earnings ratio is now at its highest level since 2005. The normally tasty dividend yield is down to 1.99%, even after a recent payout increase. Recently, the three best buying periods have come with much lower multiples and juicier yields....112 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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