Is Hormel Foods (HRL) Attractive After A 39% Three Year Share Price Decline?
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If you are wondering whether Hormel Foods is a bargain or a value trap at its recent price of US$24.43, it helps to slow down and look at what the numbers are really saying about the stock.
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The share price has inched up about 1.3% over the last month and is up 4.4% year to date, yet it still reflects a 15.9% decline over the last year and a 39.0% and 43.5% decline over the last 3 and 5 years.
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Recent headlines around Hormel Foods have focused on the company as a long established branded food producer, with attention on how it is positioned within packaged foods and consumer staples more…
