Jam to Spam

02/06/2004 12:00 am EST


Richard Young

Editor, Young's Intelligence Report

I've long been a fan of Richard Young. His very aptly named Intelligence Report, takes a conservative, long-term approach to investing in steady, solid stocks. His investment goal is to combine the elements of growth, income, and patience.  His latest picks cover spam and jam!

"J.M. Smucker (SJM NYSE) was just named the best company in America to work for by Fortune magazine. Smucker is based in Orrville, Ohio, just 50 miles south of Cleveland. Today, the company is run by Tim and Richard Smucker. Not long ago, Tim and Richard added the Jif and Crisco brands to the company’s portfolio. These have been nice additions to the family. Over the last five years, the stock has provided a total return of 100%. J.M. Smucker has paid a dividend since 1949. Continue to add J.M. Smucker to your retirement portfolio."

"Hormel (HRL NYSE), with brands like Spam, Chili with Beans, Dinty Moore Beef Stew, and Applewood Smoked Bacon can bring tears of joy to an Atkins diet disciple. Just think, there is not one gram of sugar or carbs in a whole can. Did you know that Hormel HealthyLabs is the second-largest supplier of nutritional foods to the managed-healthcare industry? This is a great growth business. Conservative investors have come to appreciate Hormel’s reputation for exercising careful governance and financial discipline. Hormel pursues straightforward financial reporting, prudent use of debt and capital, and steady growth in cash, earnings, and dividends. Hormel has paid a dividend every year since it came public in 1928 and has increased the annual payment every year since 1966. Keep adding Hormel to your retirement portfolio."

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