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'Get Your Red Hots' (From WH Group Ltd.)

Mar. 01, 2018 10:51 AM ETCAG, NATH, WHGLY
Roger Gaebel profile picture
Roger Gaebel
151 Followers

Summary

  • Upcoming baseball season has me thinking about hot dogs.
  • WH Group makes a lot of them and other pork products.
  • ADR offers international diversification in a growing company.

"The thing you were struck by was the colors. Your orientation to baseball as a kid was radio, black and white TV, and black and white pictures in the newspapers. And now you walk in and you're struck not just by the color, but how arresting the colors are. The orange of the warning track, how emerald green the grass was, how pure white the batter's box and chalk lines and the bases were before the game started, the copper color of the façade. It was an overwhelming place; it was breathtaking especially for a little kid. Sports Commentator Bob Costas on his first visit to Yankee Stadium

Introduction

With the start of the 2018 Major League Baseball season around the corner, I find myself thinking about the Nation's pastime and ball park hot dogs. My father bought me my first big league hotdog at Yankee Stadium on July 26, 1962. The Yanks beat the Red Sox 13-3. On the field or in the dugouts were four future hall of famers - Whitey Ford, Mickey Mantle, Yogi Berra and Carl Yastrzemski. The play of the day was Mantle's, bullet throw from deep center field to Howard who tagged out Eddie Bressoud trying for an inside the park home run. I don't remember the details about the hot dog (and that's probably a good thing).

Hot Dog Industry

Globally, the $76B market is fragmented with intense competition. The vendors compete on the basis of price differentiation, product and category extension, flavor innovations and calorie intake per consumption. Consolidation in the industry has created huge companies that enjoy economies of scale.

The prospects look good for those big processing companies. According to National Hog Famer Magazine, "World pork trade is growing faster than world pork production. Declining trade barriers are allowing pork to

This article was written by

Roger Gaebel profile picture
151 Followers
Former Fortune 500 company project  & finance manager and business developer. Retired US military officer with experience in Mid East and SE Asia political-military affairs.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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