No. of Recommendations: 12
Has BRK ever owned Hershey's previously?
I dunno, maybe someone else does?
But FWIW, based on simple trailing P/E (which is pretty smooth for Hershey), at $187.93 today it's 23% cheaper than the average valuation level since 2001.
It has been cheaper than this, on this simple metric, less than 1% of the time.
EPS rose 9.37%/year in the last 22.7 years. Add dividends to get the notional value generation rate.
Maybe their days of being a big success are over, but I suspect not.
Jim
