Our iconoclast Consumer Staples and Restaurants Sector Head Howard Penney is making another stock call worth paying attention to. Last week, he added Snyder's-Lance, Inc. (LNCE) to his Top Long Idea list. Penney will be presenting his team’s deep-dive, granular Black Book this Wednesday August 19th at 11am ET.
A leader in the snacking category, innovation is a key source of growth particularly across ‘better for you’ snacking. Coming off a 3-year investment cycle to upgrade manufacturing capabilities and infrastructure, the company is now ramping its marketing spend to drive greater awareness and is lapping the divestiture of its private label business.
Our team sees 25%+ upside in the name.
*If you would like access to Penney’s institutional call this Wednesday please email sales@hedgeye.com.
