Added to YB: 2023-10-12
Pitch date: 2023-10-12
HRL [bullish]
Hormel Foods Corporation
Author Info
No bio for this author
Company Info
Hormel Foods Corporation develops, processes, and distributes various meat, nut, and other food products to foodservice, convenience stores, and commercial customers in the United States and internationally.
Market Cap
$13.5B
Pitch Price
N/A
Price Target
N/A
Dividend
4.77%
EV/EBITDA
10.01
P/E
28.93
EV/Sales
1.27
Sector
Food Products
Category
turnaround
Aggressive Portfolio: Time To Buy LEAP Calls On Consumer Staples
HRL (calls): Buying Jan 2026 $50 LEAP calls at ~$0.98 (stock $32.30) on indiscriminate GLP-1 panic selling of staples. Best-in-class mgmt, 10% EPS growth guide; margin recovery from 9% to 13% on falling grain prices = ~$2.50 EPS, $50-60 stock. 5-10x upside; 27mo runway. 2% position.
Read full article (9 min)