February 2, 2011
Last year I twice noted (in April and July) better earnings for one of my old favorites: The Hershey Co. Today Hershey reported higher 4th quarter earnings, raised their cash dividend, and projected better sales for 2011. That's just one more sign that the economy has been getting better, whether the media agrees or not.
In fact, reading my post about Hershey from July I note that Fed Chairman Ben Bernanke had spoken to the US Senate just the day before, and he predicted that we would not experience a "double dip" recession. Remember that phrase - double dip? That seems to have dropped from public discourse, and well it should. Because as Bernanke said a year ago, the economy is not going to get worse, it has been and will continue to get better.
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).