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Strategies & Market Trends : Dividend Growth Investing and chit chat.

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To: chowder who wrote (1634)12/9/2021 7:52:08 PM
From: Dave the wildpitcher   of 2146
 
Re: HRL

I have never owned this one, but I have looked at it scores of times.

The cash flow has been flat for a few years, but Value Line is predicting it will begin to grow again in 2022. If that happens, the current price for HRL might turn out to be a fair one.

You said that Argus has a Hold on it. That to me is at least a "yellow flag", as they have Buy on 3/4 of the stocks they follow. Looking at their report, their main concern seems to be over the next 12 months, due to supply chain issues and inflation for input costs. They have it as a Buy long term.

I agree with Argus that HRL is probably right around fair value here.

Dave
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