Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Sudden Shortage of Slim Jims Causes Widespread Panic


Plant explosion means fans wil have a horribly ungreasy summer.

On June 9, an explosion ripped through a ConAgra (CAG) plant in North Carolina. Federal agencies say the blast was caused by a faulty water heater.

The facility -- which is the only one in the country that makes Slim Jims -- halted production immediately, and it won't resume again until August. ConAgra said the company won't be back up to its usual Slim Jim production levels until autumn.

Citigroup analyst David Driscoll cut the stock to "hold" from "buy" due to the explosion, and was quoted as saying that Slim Jim generates $200 million in annual sales and $0.06 a share for ConAgra.

"Slim Jim loyalty is very high," food industry consultant Jim Degan told the New York Post. "If you eat Slim Jims, you aren't going to find brand B or C to be an acceptable substitute."

Truer words were never spoken. I, for one, would never deem a Rolets Beef Chevy an "acceptable substitute" for my beloved Slim Jim. Nor some off-brand "Beef-n-Cheez" combo pack often found at filling stations.

No, for me it's Slim Jim or no Jim at all -- unlike some, for whom it's no Slim Jim, period. Many self-styled "gourmands" seem to be turned off by the ingredients, for some reason:

This, in case you're wondering, is mechanically separated chicken:

So it may not look like the chicken you're used to seeing. But it's still chicken. What's all the fuss about?
< Previous
No positions in stocks mentioned.
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 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos