McCormick & Co

MKC-N

A great company and a great business. They purchase in US$ for most of their inputs even though they are Canadian. Their input costs should be rising, but they should be able to pass that through into their end prices.

Hasn’t looked at this recently. A global spice maker, and really plays into the whole ethnicity and how diversified everyone is getting. A consumers’ product company, and typically there is a steadier defensive earnings stream associated with these companies. Trading at a fairly high multiple.