I have to give credit where it's due – Hershey (NYSE:HSY)
is definitely one of the strongest stories in packaged/branded food
today. While there are a few relative newcomers showing better volume
growth (from a much smaller base), Hershey continues to lead the way
when it comes to the large U.S. companies. Better still, Hershey is
mixing that growth with strong margin leverage and making a pretty
pleasing combo. Although I still think these shares carry a premium
valuation, it's hard to argue with a story where management is making so
many of the right moves.
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