Thursday Night's Show Highlights:
Finally, big food companies are seeing the light, and the natural and organic trend!
Thursday, May 27, 2015
Providing show recaps for Wed, Thurs, Fri, including verbatim Game Plans and Lightning Round stock picks...
Jim: Finally, an old-fashioned, successful food company decides to get with the program in a huge and meaningful way.
Last night, Hormel Foods, which you probably know as the maker of Spam, canned chili, and Jenny-O Turkey, braced the natural and organic zeitgeist with its agreement to buy Applegate Farms, the #1 natural and organic prepared meats company for $775 million. That's right, the company that brought you Spam is going natural and organic, as Hormel tries to go into new retail outlets and reach a new group of customers that are too big to ignore.
Of course, it's important to point out that, unlike many other packaged food players, Hormel's actually been doing quite well on its own. And it's also made smaller inroads to more natural fare like organic Muscle Milk and Holy Guacamole. The company also reported a really terrific quarter. And with last night's news about Applegate Farms, the stock's roared ahead to right around its all-time highs.