Raytoei shared a bullish thesis on The Hershey Company, citing a share price of $185.08 on December 1st with trailing and forward P/E ratios of 27.67 and 27.70 respectively. The article emphasizes the importance of timing when investing in companies undergoing turnarounds, using Hershey as a case study.

The disruption in Hershey’s business, caused by a surge in cocoa prices, led to temporary margin pressure that is now beginning to ease. Understanding when to enter a turnaround is crucial, as buying too early can result in stagnant capital. Position sizing is also important to consider to avoid compounding timing issues.

A previous bullish thesis on Hershey highlighted the company’s strong market share, pricing power, and long-term growth potential. The stock has appreciated by approximately 19.16% since the coverage, indicating that the thesis largely played out. Both articles agree on Hershey’s fundamentals remaining resilient, with the focus on turnaround timing and entry discipline for successful investment.

Read more at Yahoo Finance: The Hershey Company (HSY): A Bull Case Theory