Hormel: You Are Two-Thirds Of The Way There
Hormel Foods(HRL) Seeking Alpha·2024-06-05 11:02
Grilled Spam Burger with Fries LauriPatterson/E+ via Getty Images While we have not been buyers of Hormel Foods Corporation (NYSE:HRL) in any of our past reviews of this business, we have usually called the directional moves right on this one. In our most recent coverage a couple of months ago, we suggested that an exit for the bulls would be perfect. Lofty valuation, the stock being back at its 200-day moving average, and an expectation of a slowdown in the dividend growth story were our reasons at the tim ...