immagine del profilo
thomas
@opathomas
6Mes·

Dividend purchased....

$HRL (+1,6%) I believe in Hormel. Hormel Foods is undergoing some changes. The sale of the low-margin areas has been completed. The changes will be felt in a few months....

30.04
Hormel Foods logo
Hormel Foods
Acquistato x500 a 17,96 €
8.982,29 €
8
3 Commenti
immagine del profilo
Homer@Simpson
6Mes
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3
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immagine del profilo
GHF@GHF
6Mes
Would be a bit too bold for me. It's certainly a good change of strategy, but we don't yet know whether it will work out so well. Also whether customers will go for the high-margin products or prefer to buy discount products from the competition?
However, if the turnaround works, you have probably caught a good entry point.
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immagine del profilo
thomas@opathomas
6Mes
@GHF I absolutely agree with you, it's very risky... A bet.... I now hold 2000 shares in Hormel. My equity is not far off the current price, so if the turnaround works out, the cash register will "ring"... Until then, I'm happy about the dividends...
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