2.07.2013

McCormick - Kathee's 2012 stock pick


Cramer: A Buy and Hold Candidate
Excerpt:


"Whether it's Safeway (SWY), Kroger (KR) or one of the many other supermarkets across the US, McCormick has huge market share as well as prime shelf space.

In addition they have a big presence in Europe, the Middle East and Africa and a rising presence in the rest of the world," Cramer said.

"And if you buy private label, you're buying McCormick, too, as the company controls roughly 50% of the domestic market for private label spices and seasonings," he added.

Also, Cramer feels that McCormick is well positioned as consumers move away from packaged foods and do more home cooking, All told, Cramer suggested this stock as a 'buy, buy, buy!'
Comment: We bought MKC for her IRA in Feb 2012. It's up 22.7%. Her other stock pick was KMB

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