Jim Cramer and Stephanie Link actively manage a real money portfolio for his charitable trust- enjoy advance notice of every trade, full access to the portfolio, and deep coverage of the latest economic events and market movements.
The next earnings date for Hormel isn't until Feb. 21. Meanwhile shareholders will be paid a 2% dividend yield-to-price based on Friday's average share price of around $34, a 2.7% price increase from Thursday's close. Friday's volume was double the three-month average-daily-volume. The investment community is rewarding savvy leadership and accretive transactions. They also like the fact that last quarter HRL increased its year-over-year earnings-per-share by 13%. As of Jan. 3, HRL had total debt of only $250 million, but its levered free cash flow (TTM) was a healthy $356 million. Those of us who don't own shares of HRL yet might want to wait until the "Skippy-deal" celebrating is over and the stock pulls back. For example, on Jan. 2, the intraday low price was $31.46. The takeaway here is that HRL has smart leadership and a bright future. Its CEO is a shining example of "... the kind we need to see from companies to propel their stocks higher despite severe Washington headwinds" according to Jim Cramer. At the time of publication the author held no positions in any of the companies mentioned. Most large cap stocks were once small and mid-cap stocks. Bryan Ashenberg is here to help you find the cream of the crop amongst the market chaos. Follow @m8a2r1 This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.