Is Hershey's Price Too Sweet?

Recent market action has pushed many stocks into valuation ranges that haven't been seen in years. Candy maker Hershey (HSY) is in that category. It might be hotter than normal right now due to the impending Halloween celebration or perhaps because they beat analyst estimates by a couple of cents in the latest quarter. 

Hershey touched an all-time high of $100.26 on Monday and was trading just pennies below that as of 2:35 p.m. That leaves the shares at 26.7 times projected 2013 EPS of $3.71. The current yield is down to 1.94%. The price-to-earnings ratio is now the highest and the yield is the worst since 2005....224 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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