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Hormel: SPAM Not to Filter

By Steve Gear

About this article:
SPAM, SPAM, SPAM, SPAM, Lovely SPAM! Wonderful SPAM! (repeat) --Monty Python's SPAM song SPAM has been the butt of many a mass consumption food joke, which is ironic considering that the canned product is mainly pork shoulder with added ham meat and a little spice. It's withstood rumors about mystery meat and sharing a moniker with junk e-mail to sell more than enough tins for every person on the planet. All jokes aside, the producers of SPAM, Hormel , have a track record of 43 consecutive years of dividend increases. A deflationary environment and an unlikely duplication of market declines (on a percentage basis) in 2009 leaves an opening for investors looking for a solid stock play in the consumer foods sector. Also, considering that Americans tend to turn to reasonably priced canned goods during economic downturns, a SPAMwich sounds like a tasty snack. Originally a processor of meat...

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