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Cramer’s Piggy Call (HRL, SFD)

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By Douglas A. McIntyre Updated Published
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On tonight’s MAD MONEY on CNBC, Jim Cramer was going over his play on how to win from lower hog prices.  Apparently pigs and hogs were not slaughtered enough and the breeding drove up supply.  He had two stocks he likes in this:

  • Smithfield Foods (NYSE: SFD)
  • Hormel Foods Corp. (NYSE: HRL)

But he really likes Hormel better, and noted strong Spam sales and other brands.  He thinks they have better exposure to the savings off of a supply surge in pork as it buys more of its pork than Smithfield.  He also noted that the company beat earnings estimates.  He noted that Hormel probably only has $3.00 downside here, but it’s probably going to $48.00.

Sometimes you can’t make this up, even though it makes sense when defensive stocks still rule.  This was actually one of our own defensive stocks we track, although it isn’t currently on our defensive stocks with a value tone for the start of this year.

Jon C. Ogg
March 12, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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