A new war in Libya, a Spring that delays coming and now the ultimate in distressing news, Hershey is raising chocolate prices. There needs to be a 5 minute break in the trading session sometime tomorrow for a moment of grief.
This from Dow Jones....
DJ MARKET TALK: Hershey Makes Not So Sweet Price Hike
Wed Mar 30 16:28:10 2011 EDT
4:28 (Dow Jones) Hershey (HSY) is raising wholesale prices 9.7% in response
to cost pressure, including cocoa and sugar. It'll be interesting to see how
bitter the increase will be for retailers as they enter the prime Easter candy
season, though many of those orders have likely been placed. The price
increases go into effect today, but HSY doesn't expect a material impact to
finances this year, as it backs FY11 guidance. HSY says it will help with trade
promotions and in-store merchandising to keep candy sales growing.
(END) Dow Jones Newswires
"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput
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