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Spam is Hot
By:
TraderMark
Friday, May 30, 2008 1:56 AM
Symbols:
CROX
,
DKS
,
GME
,
HRL
,
KFT
,
WFMI
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(
cringe
!)
Other companies are seeing similar boosts in their lunch meats
.
Kraft Foods Inc
. reported last month that subsidiary Oscar Mayer, which makes
hot dogs, bacon and cold cuts
, saw double-digit revenue growth in the previous quarter in its
Deli
Fresh cold cuts. The company, based in Madison, Wis., has recently introduced new products including family sized deli-meat packs and deli carved, which offers thicker slices of meat.
The pooring of America continues - and yet another reason to bet against all forms of discretionary spending that focuses on the lower 2/3rds of America, especially (
Stuff I've been Negative on Since Last Fall
). Even the bottom portions of the top third are going to be slowly forced away from the
Whole Foods Market (WFMI)
they hold near and dear (
May 14: Whole Food Markets at a Loss of Why Sales are Slowing
) They're heading for Spam-a-lot. While sad to see, they still have it a lot better than many in the developing world which would kill for.... Spam.
And just think. We're not even in a technical recession! Gosh, what's going to happen when (if) we ever enter one (not that government reports will show it). Anyhow, onward and upward to that 2nd half recovery - July 1, 2008; only weeks ago. Spam & Kool Aid! Yummy!
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