Want to make 12%/year for the next decade with no downside risk? Buy Hormel Foods $HRL.

This opportunity exists because now everyone wants to make 12%/month or even 12%/week. Thus, folks are dumping Hormel right now.

Boring blue chip staples, utilities, etc. are getting crushed lately.

Hormel is the perfect blue chip "boring company." You only know it as the purveyor of SPAM aka canned pork meat. And sure, SPAM is highly successful, it has its own museum after all. And it's huge with Latinos -- it's had record high sales five years in a row...

Management, however, is obsessed with youth, and is constantly R&Ding or buying new brands on the cutting edge. Who has the U.S's #1 brand of guacamole, Mexican salsa, organic deli meat, sliced turkey, almond butter, or pepperoni snacks? Hormel of course...

Hormel is 50% owned by the Hormel Foundation, a charity set up by the founder. As such, the company is immune to activist investors and other short-term shenanigans. Management is incentivized to grow earnings and the dividend by 10%/year, and they've done it since the 1960s.

Hormel also operates with low leverage. As of late, they've had no debt (net cash) whatsoever. When everyone else is getting greedy, Hormel is staying cautious.

Dating back to the 1980s, their stock has never drawn down more than 35%. When you grow earnings 29 out of the past 32 years (only down a couple percent even in 2008!) makes it hard for the stock to drop much.

Right now, you might think the stock is expensive, because it has a high PE. But it has zero debt, so you have to adjust the PE. If Hormel levered up to 4x EV/EBITDA, like peer McCormick $MKC, it could buy back 130 million shares of stock tomorrow.