Did anyone else get caught today holding KHC?
I have only a few shares but own some BRK which also took a hit.
It seems tastes and food preferences have changed quite a bit over the last couple of generations. Very few people I know anymore eat the food products full of preservatives and sodium our parents ate that are manufactured en masse by large corporations. I am thinking Jell-O, Kool-Aid, canned soups (Campbell's), lunch meats such as Spam, hot dogs, bologna, processed cheese product such as Velveeta, canned ground coffee such as Folgers and Maxwell House, Heinz ketchup and mustard and so on. Today's incredible year round availability of vast selections of fresh fruits and vegetables, "gourmet" coffee, tea and other drink and condiment alternatives along with more disposable income may make the difference. When I was growing up I never heard the terms organic, gluten-free, fat free, low salt or vegetarian. lol
__________________
"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
Last edited by manaboutown; 02-22-2019 at 04:47 PM.
|