Hormel Net Rises 17%

[Potemkin]

Increased SPAM sales in tough economic times?


http://online.wsj.com/article/SB1000...031464546.html

Hormel Net Rises 17%, Gives Strong View

By PAUL ZIOBRO

Hormel Foods Corp.'s earnings increased 17% as the food-processing company reported growth at its refrigerated-foods and Jennie-O turkey businesses.

The maker of Spam and Dinty Moore stews also set its earnings outlook for the new year at $3.10 to $3.20; that is ahead of the average analyst estimate of $3.05, according to Thomson Reuters.

Its shares rose 3% in afternoon trading Tuesday to $49.32.

[rryan]

Originally Posted by Potemkin

Increased SPAM sales in tough economic times?


http://online.wsj.com/article/SB1000...031464546.html

Hormel Net Rises 17%, Gives Strong View

By PAUL ZIOBRO

Hormel Foods Corp.'s earnings increased 17% as the food-processing company reported growth at its refrigerated-foods and Jennie-O turkey businesses.

The maker of Spam and Dinty Moore stews also set its earnings outlook for the new year at $3.10 to $3.20; that is ahead of the average analyst estimate of $3.05, according to Thomson Reuters.

Its shares rose 3% in afternoon trading Tuesday to $49.32.

Maybe, except i do not see how anyone who actually pays attention can consider SPAM cheap.

I keep some around to carry for emergency stuck in out in the hills food but I would never pay that much for something to eat on a regular basis