If You Own This Stock, It's Time to Buy More
Mr. Market is a mercurial sort of fellow, prone to fits of euphoria and despair. This fictionalization of investors as a group, created by Benjamin Graham -- the man who helped train Warren Buffett -- is a helpful reminder that stock prices aren't always rational. Today, Mr. Market is particularly downbeat on Hormel Foods (NYSE: HRL), which is a great reason to consider buying it -- or, if you already own it, perhaps buy more. Here's what's going on.
Hormel is a brand manager, with leading names in product categories across the grocery store. Some of the names you may have heard of are Spam, Planters, Skippy, Columbus, and Wholly Guacamole. There are plenty more, including the company's namesake Hormel offerings. In addition to the grocery store, it also has exposure to convenience stores and the food service space.
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Source Fool.com
