06-30-2016, 05:20 PM
(06-30-2016, 10:17 AM)DividendGarden Wrote: Glad you started this thread, Kerim. I've owned HSY for many years. Great company, solid growth. The HSY Trust owns ~10% of the stock, but >80% of the voting rights. Therefore, nothing happens unless they approve, which brings us to today.
I remember that last Board cleaning on the buyout offer. From an article I remember reading many years ago, the Trust is adamant about that steady income stream for its charitable work and, without them being a controlling interest in the surviving company, they won't let it slip from their grasp.
If I owned it now, I'd probably take those profits and wait for everything to settle down before buying back in. Of course, that is if I hadn't found a place for that money in the meantime.
Milton Hershey was an amazing person.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan