08-31-2015, 02:54 PM
Love HSY....how can you not love peanut butter cups?
It's one of those tricky catch-22 companies. On the one hand you don't want to buy it when it's overvalued; on the other hand, it's rarely undervalued. To me there are two choices for getting into HSY:
Choice 1: Build a sizable cash position, specifically allotted for companies like HSY. Buy during major market corrections, crashes, etc.
Choice 2: Dollar cost average every month. Set it and forget it by DRIP-ing.
If you believe HSY will continue its consistent successes over the next 10+ years, DRIP into it.
If you believe HSY will still be an excellent company but perhaps not with the same rate of sales growth, go with choice 1.
It's one of those tricky catch-22 companies. On the one hand you don't want to buy it when it's overvalued; on the other hand, it's rarely undervalued. To me there are two choices for getting into HSY:
Choice 1: Build a sizable cash position, specifically allotted for companies like HSY. Buy during major market corrections, crashes, etc.
Choice 2: Dollar cost average every month. Set it and forget it by DRIP-ing.
If you believe HSY will continue its consistent successes over the next 10+ years, DRIP into it.
If you believe HSY will still be an excellent company but perhaps not with the same rate of sales growth, go with choice 1.