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In the 'Processed & Packaged Goods' industry of the 'Consumer Goods' sector, any worthwhile growth investment must begin at the ground level, the consumer level. The reasoning is simple; a major key to success for companies in this space is to own popular food-product lines with strong, built-in brand name recognition. This essential aspect ensures that a company can remain relevant among consumers going forward while at the same time be protected against competition. From this fundamental starting point, investors can then begin to consider a company's opportunities for expansion via new product introduction and geographic expansion.

Snyder's-Lance, Inc. (LNCE) is a small-cap snack food company with a rather large brand name presence among consumers. With a popular...

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