Don't bite the hand that feeds you

Investment Analysis Clubs Macro Economic Trends and Risks
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…And watch out for open mikes…

https://www.wsj.com/business/campbells-defends-its…

Campbell’s Defends Its Ingredients After Chicken Controversy
Executive put on leave after allegedly saying Campbell’s food is for poor people

By Alyssa Lukpat, The Wall Street Journal..

Campbell’s placed an executive on temporary leave following allegations he called company food “highly processed” and for “poor people.”

Campbell’s said it placed an executive on temporary leave after he was allegedly caught on tape saying the company made “highly processed food” for “poor people.”…

Former Campbell’s cybersecurity analyst Robert Garza filed a lawsuit against the company and accused Bally of making racist comments and disparaging Campbell’s products in a secretly recorded meeting…

Campbell’s released a fact sheet about its chicken that said the company doesn’t use 3D-printed chicken, lab-grown chicken or any form of artificial or bioengineered meat in its soups. [end quote]

3D-printed chicken!! LOL!!

What a hoot!

Update:

Campbell’s Fires Executive Behind Recording That Disparaged Its Food
In racist rant, IT executive said the company made unhealthy food for ‘poor people’

Hasta la vista!

Now, I am emotionally attached to chicken soup because it was my grandmother’s specialty. I make chicken soup every week with a whole chicken in an old-fashioned pressure cooker, just like Grandma. I add a cup of quinoa, 5 large carrots, a large onion and celery. Needless to say, it’s loaded with protein and doesn’t get its flavor from salt.

Campbell’s Chicken Noodle soup is undoubtedly a highly processed food. One serving contains only 3 grams of protein but 900 mg of sodium. A standard 10.75 oz can contains approximately 2.5 servings so it has about the entire daily requirement of sodium. That’s especially bad for people with high blood pressure – often correlated with poverty and being black.

That being said, a can of Campbell’s Chicken Noodle soup costs only $1.25. It’s tasty. The can contains 7.5 grams of protein which is genuine (not 3D printed) chicken.

The moral of the story is: Don’t bite the hand that feeds you. There might be a hidden mike somewhere.

Meanwhile, Campbell’s stock has had its ups and downs. It’s currently near a longterm low.

https://finance.yahoo.com/quote/CPB/

Campbell’s, of course, makes a lot more than condensed soups. All of them are ultra-processed foods.

Will its stock ever recover?
Wendy

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is actually Chickenoid soup!

The Captain

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Lots of snacks with some logistics and investment sprinkled on top.

They have a global footprint and a dividend yield >5%. Their P/E ratio is just north of 15 and their EPS is a smidge more than $2. Apart from hiring, then firing a loudmouth IT executive, they seem to be doing OK.

I rarely buy their products, but there seem to be a lot of people who do.

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It doesn’t seem to have been affected. It has more or less been on a steady decline all year, losing about 25% of its value. This fiasco appears to have been a non-event.

We usually have a few cans of “Simply Chicken Noodle Soup” on hand. Get it at Costco. Usually consumed when someone has a sour stomach (it’s mild), but isn’t really sick. Pretty much never use their condensed soups. If someone is actually sick, we don’t even use that. We make a Filipino dish called “arroz caldo”. Still mild, but has a good amount of ginger and garlic in it, both of which have some medicinal value.

I do think that most pre-packaged food is for “poor people”. For one thing, actual fresh food is more expensive than the processed stuff (in general). So, that’s what poor people are forced to buy. Many poor people also don’t have time to cook (often working two jobs just to keep a roof over their heads), so the processed stuff is fast and easy. Which can contribute to food deserts, but that’s another topic. (Poorer folks tend to experience food deserts more, as you might have guessed.)

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