Parkev Tatevosian, CFA发布 2026-09-08
《Creating a Forever Portfolio: 5 Stocks to Buy and Never Sell》
$HSY看涨
好时（HSY）当前179美元股价相对于244美元公允价值被低估；强大的护城河支持长期持有权益。
最后但同样重要的是，好时，全球领先的巧克力零售商。这家公司的售价为179美元，而我计算出的合理价值为244美元。
Last but not least, Hershey's, the world's leading chocolate retailer. This company is sold for $179, and I have calculated a fair value for it of $244.
这是另一个大企业规模优势难以被克服的类别。与宝洁公司拥有显著且持续的竞争优势的原因类似，好时拥有非常相似的竞争优势。
This is another category where the advantages of large size are difficult to overcome. For reasons similar to those that give Procter & Gamble significant and sustained competitive advantages, Hershey's has very similar competitive advantages.