Investment Thesis
I don’t know about you, but I have a sweet tooth. My favorite chocolate bar is the Cookie & Cream by Hershey (HSY). You can imagine how pleased I am now that the stock is on sale:
Source: Ycharts
While I understand the market to be disappointed as HSY keeps failing in the Chinese market, I don’t think the growth is over for one of the largest chocolate bar manufacturers in North America. As the company will continue to enjoy its dominant position in the U.S. (46% of market share in the chocolate bar sector), management continues to seek growth vectors through the snack industry and, obviously, emerging markets.
