Back in 2002 Nestle made a bid for Hershey. The Trust and the AG (who was running for governor) successfully blocked the deal. Then in 2016, Mondelez offered $111 per share for Hershey. The same thing happened. One day because they have little to no growth outside the US, they will become a target again. I wouldn’t buy it for that reason, but if it becomes cheap, which it has at various times then perhaps that would be the time to consider the shares.
yes that would be one way to play. else you are liable to get okay but not great returns. there’s not a ton of big growth on the table and its well known as a stable long term business. probably best to wait for opportunities of weakness in the sentiment.
Thank you for the posting. To my taste the products are simply not very good. If there ever was a Coke vs Pepsi type taste test they would not have the advantage to for example Lindt or Ghirardelli. I have started to see Reeve’s sold occasionally in Europe, however peanut butter is not a big thing. I doubt their international growth plan.
indeed there are many who don’t care for the taste relative to higher quality chocolate. this isn’t necessarily why they have a distinct brand however. they are the defacto purchase for many people who have a distinct memory and experience with growing up with these products. there have been “better” products for decades and its possible over the longer term access to these competitors will mean their loyal customers may drift.
Back in 2002 Nestle made a bid for Hershey. The Trust and the AG (who was running for governor) successfully blocked the deal. Then in 2016, Mondelez offered $111 per share for Hershey. The same thing happened. One day because they have little to no growth outside the US, they will become a target again. I wouldn’t buy it for that reason, but if it becomes cheap, which it has at various times then perhaps that would be the time to consider the shares.
yes that would be one way to play. else you are liable to get okay but not great returns. there’s not a ton of big growth on the table and its well known as a stable long term business. probably best to wait for opportunities of weakness in the sentiment.
Thank you for the posting. To my taste the products are simply not very good. If there ever was a Coke vs Pepsi type taste test they would not have the advantage to for example Lindt or Ghirardelli. I have started to see Reeve’s sold occasionally in Europe, however peanut butter is not a big thing. I doubt their international growth plan.
indeed there are many who don’t care for the taste relative to higher quality chocolate. this isn’t necessarily why they have a distinct brand however. they are the defacto purchase for many people who have a distinct memory and experience with growing up with these products. there have been “better” products for decades and its possible over the longer term access to these competitors will mean their loyal customers may drift.