How Boring Food and Beverage Companies Turn into Huge Stock Winners Year after Year
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 17 February 2021
⏱️ 49 minutes
🧾️ Download transcript
Summary
During the worst of the pandemic, people loaded up on staples from their grocery store. Shelf-stable food items, beverages, canned tuna, canned soup, chips... all that kind of stuff. But the big food and consumer staples companies have been huge winners outside of the pandemic. In fact, as an industry, these companies have some of the best track records in the market. On this episode, we speak with Jonathan Fell, the co-founder of Ash Park, an investment firm that specializes in these companies, to talk about how these companies win year after year.
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Transcript
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| 0:00.0 | Adlots is brought to you by Apollo. When it comes to building and financing stronger businesses, |
| 0:05.1 | Apollo does the heavy lifting by providing customized capital solutions. Apollo, |
| 0:09.6 | investing in tomorrow, today. Learn more at Apollo.com. |
| 0:30.0 | Hello and welcome to another episode of the Adlots podcast, I'm Joe Wyzenthal. |
| 1:00.7 | And I'm Tracy Alloway. So Tracy, you know, back in the spring, when the pandemic hit, |
| 1:07.4 | I did something I had never done before. Do you know what that is? |
| 1:12.0 | Well, I think you're going to have to narrow it down because I think a lot of people did stuff they |
| 1:15.6 | never did before in 2020. But go on, what was it? That's true. You know, I didn't know what to do. |
| 1:20.8 | I was like panicking like everyone else. I didn't know what the risk would be. I needed to do |
| 1:25.6 | something tangible to make myself feel like I had some control over my life. And I went out and |
| 1:32.4 | bought a few cans of sardines. What like a like a prepper? Were you worried about the food supply? |
| 1:41.7 | Or okay, so you started stockpiling. You started stockpiling canned goods. |
| 1:47.6 | Yeah, basically, I went to the grocery store, like sometime in the middle of March, |
| 1:52.0 | and I knew that, you know, I was like, I don't know what's going to happen. I don't know if there's |
| 1:56.3 | going to be disruptions to the food supply. I don't know anything. But I know that, you know, |
| 2:01.2 | canned sardines have a lot of protein. And they're shelf stable the last for a long time. So if |
| 2:07.6 | everything goes bad, I can at least stay in my apartment and eat canned fish. |
| 2:12.2 | I have this image now of a post apocalypse Joe sitting in your East Village apartment, |
| 2:19.1 | eating sardines directly out of the tin. But I got to say, you actually, I don't think you were |
| 2:24.4 | alone because certainly in Hong Kong, there was a lot of panic buying when the coronavirus crisis |
| 2:31.3 | started. And the shelves were empty for a long time. Yeah, incidentally, I never actually |
| 2:36.7 | opened any of the sardines, but they did bring me some comfort knowing that they were there. |
... |
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