06-30-2016, 05:20 PM
(06-30-2016, 10:17 AM)DividendGarden Wrote: Glad you started this thread, Kerim. I've owned HSY for many years. Great company, solid growth. The HSY Trust owns ~10% of the stock, but >80% of the voting rights. Therefore, nothing happens unless they approve, which brings us to today.
I remember that last Board cleaning on the buyout offer. From an article I remember reading many years ago, the Trust is adamant about that steady income stream for its charitable work and, without them being a controlling interest in the surviving company, they won't let it slip from their grasp.
If I owned it now, I'd probably take those profits and wait for everything to settle down before buying back in. Of course, that is if I hadn't found a place for that money in the meantime.
Milton Hershey was an amazing person.