Thanksgiving Smart Stocks - Turkey Processor
Maybe it is still a bit early but anyway - "Happy Thanksgiving!". With Thanksgiving holiday, a four day long weekend, just around the corner, it would be a great time to take a look at some of the stocks related to this topics.
The first thing coming to my mind when speaking of Thanksgiving is the word turkey. That's right. Turkey. No matter how much the technology has changed our world today, having a turkey on the family gathering dinner table on Thanksgiving night is still the tradition.
Turkey Processor
Jennie-O Turkey Store is the leading turkey processor in the nation. Although you would not see Jennie-O Turkey Store listed on any of the US stock exchanges, the parent company, Hormel Foods Corp. (HRL), is a public traded company on the New York Stock Exchange. Hormel Foods is prducing various meat and food products in both perishable meat (fresh meats, sausage..) and nonperishable meat (canned meats, chilies). The share price of the stock is relatively stable and has been on a roll this month from $31 per share to today's closing price of $35 per share.
Another public traded turkey producer is the Pittsburg, Texas based Pilgrim's Pride Corp(PPC). The company is mainly focused on poultry related product so would be a more pure play of turkey related stock than Hormel. Its market cap is 2.1 billion, about half of Hormel Foods and the stock price is about the same as a year ago about $30 per share. Technical wise Hormel Food is a safer play than Pilgrim Pride and since the world is still under the shadow of bird flu, investing in a poultry maker would be a riskier move. Therefore I would suggest to wait a little while before investing in this stock.
The first thing coming to my mind when speaking of Thanksgiving is the word turkey. That's right. Turkey. No matter how much the technology has changed our world today, having a turkey on the family gathering dinner table on Thanksgiving night is still the tradition.
Turkey Processor
Jennie-O Turkey Store is the leading turkey processor in the nation. Although you would not see Jennie-O Turkey Store listed on any of the US stock exchanges, the parent company, Hormel Foods Corp. (HRL), is a public traded company on the New York Stock Exchange. Hormel Foods is prducing various meat and food products in both perishable meat (fresh meats, sausage..) and nonperishable meat (canned meats, chilies). The share price of the stock is relatively stable and has been on a roll this month from $31 per share to today's closing price of $35 per share.
Another public traded turkey producer is the Pittsburg, Texas based Pilgrim's Pride Corp(PPC). The company is mainly focused on poultry related product so would be a more pure play of turkey related stock than Hormel. Its market cap is 2.1 billion, about half of Hormel Foods and the stock price is about the same as a year ago about $30 per share. Technical wise Hormel Food is a safer play than Pilgrim Pride and since the world is still under the shadow of bird flu, investing in a poultry maker would be a riskier move. Therefore I would suggest to wait a little while before investing in this stock.
posted by Stock Geek at 12:41 PM
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