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Hormel Foods is a pantry/freezer-based defensive

 Mar 31, 2008 01:44 PM UTC
Return Risk
+1.63% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
HRL Positive 03/31/08 -8.05% --

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Filed under: Hormel Foods (HRL), Stocks to Buy

With the markets still in a choppy/consolidation mode (or perhaps worse), it's best to consider including a few defensive stocks in your portfolio. With the aforementioned in mind, Hormel Foods is worth an evaluation.

Hormel Foods (NYSE: HRL) is a diversified producer of consumer foods. A processor of the now universally known "spiced ham" product -- SPAM -- Hormel is also a top U.S. turkey processor and a major pork processor, including the Jennie-O turkey, Cure 81 hams and Always Tender fresh pork brands.

In general, analysts expect 5-7% revenue growth for Hormel for FY2008, with an adequate performance from its grocery division, with pricing power offsetting lower volumes.

Meanwhile, refrigerated foods should outperform expectations in FY2008, with widening margins; specialty foods demand probably will be flat.

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