TIVP012: Hershey (HSY): A Deliciously Beaten Down Stock? w/ Shawn O'Malley & Daniel Mahncke
Millennial Investing - The Investor’s Podcast Network
Shownotes Transcript
In today’s episode, Shawn O’Malley and Daniel Mahnke break down Hershey (ticker: HSY), a company about so much more than chocolate. From Hershey’s Kisses to Reese’s, Skinny Pop, and Dot’s Pretzels, Hershey’s is home to a number of iconic brands and is turning into an increasingly diversified snacking company.
In this episode, you’ll learn how Hershey’s was founded, why chocolate brands are hard to scale internationally, why Hershey’s is diversifying into salty snacks, what Hershey’s is doing about a global cocoa shortage, plus so much more!
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IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro
04:41 - Hershey’s unique origin story
16:09 - How the company is responding to global cocoa shortages
22:19 - Why Hershey is unlikely to be acquired and its plans for growth
23:36 - The origins of Hershey’s unconventional ownership structure
29:27 - Why Hershey’s isn’t as popular outside North America
39:53 - What made Hershey’s diversify into salty snacks
42:45 - Why the stock has been so beaten up over the last 18 months
35:12 - How Hershey’s stacks up against competitors
1:00:20 - What is Hershey’s intrinsic value per share
1:07:44 - Whether Shawn & Daniel add HSY to The Intrinsic Value Portfolio
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter).
Hershey’s 2023 pitch) on the Value Investors Club Forum.
Check out Poor Charlie’s Almanack).
The** History) **of Hershey.
Hershey’s annual financial reports).
Check out our previous Intrinsic Value breakdowns: AutoZone), Alphabet), Ulta), John Deere), and Madison Square Garden Sports).
Check out the books mentioned in the podcast here).
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