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Strategies & Market Trends : Dividend Growth Investing and chit chat. -- Ignore unavailable to you. Want to Upgrade?

To: OneDonatoOne who wrote (1606)	12/9/2021 7:16:31 AM
From: CrabbyTurtle	Read Replies (1) \| Respond to of 2146

A good report. I have about an 85% position and was hoping to fill it out on some weakness. Not sure I am going to get that chance and may be stuck averaging up a bit.

To: OneDonatoOne who wrote (1606)	12/9/2021 7:01:28 PM
From: chowder	Read Replies (2) \| Respond to of 2146

Re: HRL None of the firms I follow had a Buy rating on HRL, all of them called it a Hold even The Street and Argus Research who love to put out Buy ratings. I'm going to monitor this one and see if any upgrades may start coming its way, if so, price may not drop to a point where I might want to add. I may have to consider taking advantage of any upside momentum that upgrades can bring with them and buy then. HRL is already 15% off its 52 week high. According to FAST Graphs HRL is overvalued selling at 24.92x earnings and it historically sells at 19.70x earnings. In looking at the food industry, HRL seems expensive with a PEG value of 4.06x, above the Food Products industry median PEG of 3.08x, which is supported by a PE of 27.21x that is also above the industry median of 17.28x.