If you're looking to reduce the unforced errors you make while investing, you'll appreciate the importance of owning old companies.
Hormel Foods (NYSE: HRL) owns Spam, a meat product that is often the butt of jokes. Before you pass off Spam or the company that makes it as a joke, you need to read more about this Dividend King, its historically high yield, and admirable track record. It isn't nearly as prominent as peers like Kraft Heinz or General Mills, but don't let the company's under-the-radar status fool you.
The anaemic share price growth at Hormel Foods Corporation ( NYSE:HRL ) over the past few years has probably not...