Sugar-Coating the Recession John Hoover Mar 27, 2009 11:50 am |
![]() |
![]() |
|
||||||||||||
|
According to ShoppingBlog.com: “Cadbury (CBY) reported a 30% rise in profits for 2008 while Nestle's profits grew by 10.9%, according to public filings. Hershey (HSY), which struggled for much of 2008, saw profits jump by 8.5% in the fourth quarter.”
Jamie Hallman, owner of the Sweetdish candy store in San Francisco's Marina district of San Francisco, summed it up: "All is well in Candy Land."
With barbiturates and amphetamines sadly beyond the means of most -- particularly those who've lost their health coverage -- sugar is a cheap alternative, relatively speaking. (I’m on Weight Watchers (WTW) myself, trying to shed about 30 pounds.) The beauty of Weight Watchers is that they don’t care what you eat, though they do prescribe a balanced diet. Fortunately, my nutritional research on food indicates many candies have no fat.
As I track my Weight Watchers “points” each day, I eat no-fat candy instead of real food and pretend I’m getting away with something. Like barbiturates and amphetamines, high levels of sugar in my system make the parade of CEOs from GM (GM), Bank of America (BAC), JPMorgan (JPM), Merrill Lynch, AIG (AIG) and others less irritating.
With a mouth full of Super Bubble, even the 2 $59.5 million-dollar corporate jets that bailout recipient JPMorgan has on order didn’t faze me.
Bubble gum was my drug of choice - the one that drove me to rehab. Like other adults chasing the sugar high, I've returned to a sentimental childhood favorite. It only makes sense if you're trying to comfort yourself.
My first and only shoplifting bust -- the one where my Dad made me go back and confess to the store manager, throw myself on his mercy, pay for the gum, and promise to never do it again -- was over bubble gum. It was right in the checkout aisle, strategically placed at hand- and pocket-level for 5-year-old addicts like me.
As any 12-step veteran will tell you, once an addict, always an addict. Last week I had to do to a meeting and confess that I was dirty again. “My name is John, and I’m a bubble-gum addict.”
|
|||||||
|
|||||||
discuss this article and more on the mv exchange |
|
Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options. Click here for a free 14 day trial to OptionSmith by Steve Smith.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2009 Minyanville Media, Inc. All Rights Reserved.
| add rss feed | free article alerts |
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DC
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennesee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Local Guides


















