01-10-2016, 01:36 PM
(01-10-2016, 12:13 AM)Rasec Wrote: Why the heck is Hershey's consumer staples and not consumer discretionary?
I agree with this. I have trouble distinguishing between Staples and Discretionary. I don't eat chocolate and haven't had soda for probably 5 years, so I don't see how KO, PEP, HSY, etc are considered Consumer Staples. Whereas I probably buy a pair or two of jeans every year so I don't see how VFC is considered a Consumer Discretionary.
Speaking of VFC, it is starting to approach fair value. I will probably buy if it reaches the mid-to-low 50s.
I will probably buy PG if it reaches the low 70s.