2024-04-17 20:39:49 ET
Summary
- Hershey reported solid fiscal 2023 results following a solid decade of growth.
- Despite a wide economic moat based on the brand name, we should be cautious about a potential recession in the near future.
- Following a 30% decline in 2023, the stock is trading close to its intrinsic value, but it is certainly not a bargain at this point.
It is often quoted that Peter Lynch has six different categories for stocks and when looking at that list, The Hershey Company ( HSY ) would be somewhere between Slow Grower and Stalwart . Hershey is clearly growing with a higher pace than GDP, but it can’t match the high pace several other companies are growing with....
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Hershey: Even Lower Stock Prices Are Likely