Bear Invades Rocky Mountain Chocolate Factory
We have written dozens of articles about the health benefits of chocolate, such as benefiting your liver, your brain and your eyes. But what about eating chocolate for the pure pleasure of it? According to Simon Fraser University, Americans consume 3 billion pounds of chocolate a year.
So how is the Rocky Mountain stock doing?
And who is Rocky Mountain Chocolate Factory? It was founded in 1981, and makes and markets about 300 different chocolate candies, clusters, caramels, creams, mints, and truffles. In addition to owning candy shops, it also franchises and operates self serve frozen yogurt retailers. in over 40 states.
It trades at 19 times current earnings and and 13.5 times forward earnings. The company sports a very decent 3.7% yield. As a matter of fact, the company increased its dividend by 10% back in May. Earnings for the latest quarter were up 15.5%, on an 11.8% rise in revenues.
If you like chocolate companies, you might want to check out the free list of candy and chocolate stocks at WallStreetNewsNetwork.com, which can be downloaded, sorted, and updated.
Disclosure: Author didn't own any of the above at the time the article was written.