It is often explained that HSY is down because of high cocoa prices. While cocoa prices are temporarily high, I would anticipate that these cost pressures will fade as time goes on and HSY will be back on its growth trajectory.
Today CVS fell below $75 and I picked up shares at $74.11. The thing with CVS is that they have a mid 20's P/E, but their earnings are low only because they had a one-time big payout for the opioid epidemic. Without that charge, their P/E would be around 13.
