As readers may have noticed, in addition to the more aggressive capital appreciation portfolios that I manage ("High Octane PA") and ("Buy and Hold PA"), this year I started managing a "Conservative PA". Incidentally, the "Conservative PA" is up 7.4% during the first half of 2018. This compared to the S&P 500 being up 3.4% (including dividends). Moreover, this first half 2018 outperformance of roughly 400 basis points occurred while the portfolio maintained an approximately cash position of 50%.
Source: Fidelity's actual performance for the Conservative PA
Anyway, as I have recently shared my detailed for three other stocks that we purchased in the Conservative PA: (Pepsi (see write up), Kimberly-Clark (see write up) and Procter and Gamble (see write up)), I write to share one more write up. This way, readers can get an idea of the type of analyses I do, even for Blue Chips. The final write up in the Blue Chips Series (and I may or may decide to share write up about other companies at a later date) is about The Hershey Company.
