For food lovers are not the products of the American meat producer Hormel Foods truly. With canned meat brand "Spam" was the company in the 1930s, known. It stands for "Spiced Ham", and even today it can be bought in German supermarkets.The other, meanwhile, is not equal to more common meaning goes back to December 1970. In a Sketch in episode 25 of Monty Python's Flying Circus, a waitress in a Snack bar offered a couple of "Spam, Spam, Spam, Spam, Spam, Spam, Baked Beans, Spam, Spam, Spam and Spam". It was founded in Austin, Minnesota-based company in 1891 by George A. Hormel, son of German immigrants.
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Just in Germany cheap meat has currently the best reputation, the Tönnies scandal says Hello. The investor cares but little. "It is a rather small player," says Philip Terwey, portfolio Manager of the investment company GS&P. We should not make the mistake of "Home bias" and of the Situation in their own country to the whole world close.
From Corona eruptions spared
In fact, it seems to Hormel Foods gutzugehen just very. 18. March, as the Corona of a crisis on the stock exchanges had already left a significant mark, reached the Hormel shares on the New York stock exchange to an all-time high of 51,30 dollars. After a decline, they crossed in the middle of April, once again the mark of 50 dollars, under which it is these days just. Ten years ago, Hormel Foods was listed at around $ 10.
Currently, the operational Numbers. In the second quarter of the current year, net sales increased to a record high of 2.4 billion dollars. For the core product "Spam" and, in the case of the peanut butter, there was even a "double-digit growth". Hormel Foods praises also for the Management of the Corona-crisis. The measures such as regular disinfection or fever measure would meet the requirements of the authorities or even exceed.In fact, the companies of the Corona seems outbreaks to be spared – in contrast to the competitors, Tyson Foods, had to complain of both in the production of pig meat as well as poultry Corona cases, and temporary factories castle. The Tyson shares was in the second half of the year 2019, nearly $ 90 in value since March, there are only around 60 dollars.Updated Date: 10 July 2020, 08:19