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Spam Saves The Day
Spam may or may not be a better investment than gold (tip: it isn't, and only those for whom the only solution to a record debt crisis is more debt can claim otherwise), but some things are certain: it is edible, it is cheap and it can be stored indefinitely. Which just happens to be great news for Spam maker Hormel, as these three qualities are precisely what saved its quarter. Per AP, strong sales of Spam and Jennie-O products helped Hormel Foods' net income rise in its fiscal third quarter. The meat producer's revenue came in just above Wall Street expectations.
More:
Hormel Foods Corp. said Thursday that it earned $111.2 million, or 41 cents per share, for the quarter. That's up 13 percent from $98.5 million, or 36 cents per share, during the same period a year earlier.
The performance met the expectations of analysts surveyed by FactSet.
Revenue for the period ended July 29 increased 5 percent to $2.01 billion from $1.91 billion, led by sales of Spam. This was slightly higher than the $2 billion that Wall Street forecast.
Revenue improved across all segments except refrigerated foods, which posted a slight decline.
The Jennie-O Turkey Store unit, which makes up 18 percent of the company's revenue, reported a 7 percent increase in its sales thanks to better sales of its fresh tray pack products and turkey burgers. Sales for the grocery products division rose 21 percent due to higher Spam sales and its MegaMex Foods joint venture. The segment, which makes up 15 percent of total sales, was also helped by sales of Don Miguel products.
The majority of Hormel's sales, 52 percent, come from the refrigerated foods unit. It reported flat sales for the quarter.
Bottom line: first we learned that the uber-wealthy US consumer is tapped out thanks to BID, which also happens the be a great market barometer, then we learn that the aspirational one is dying courtesy of BIG, and now SPAM proves that with demand for the no-frills edible soaring, Americans are hunkering down to basics. Which, for an economy that is 70% reliant on consumption, is hardly good news. Luckily the market, which has given up even trying to pretend it reacts to the economy, only cares about one thing: what will the Chairsatan do next.
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the sign of the end, parabolic spam sales.
Spam for the rich, dog food for the poor.
Long Bakers
Affordable protien for the masses!
Better yet, it's fairly durable, so it can act as a store of wealth over time while insuring against starvation.
Joe Sixpack may have an alternative to the dollar, after all.
how much was due to military buying?
Friendly reminder:
Soylent Green is set to IPO on October 31st.
Bloomberg-Apple News Network:
"This editon of the morning exchange report ...is brought to you by Soylent red and Soylent yellow, high energy vegetable concentrates, and new, delicious, Soylent green. The miracle food of high-energy plankton gathered from the oceans of the world."
+1
You have a career on Madison Avenue, my friend. Big Pharma & Big Finance will be fighting over you. You just need to throw in a reference aimed at moms, such as "I feel great feeding my children Soylent Green because I know it's made from the best stuff on earth," and you're golden.
Prepper rally in SPAM, lol
SPAM: We Not Only Save the Day, We Define It.
Memo to self, spell-check is your freind.
Eat too much of it and you'll start looking Hawaiian.
if this keeps up:
SPAM for the haughty Goldmanites and
Soylent Green for us.
Eventually Rothschild will be eating SPAM while pauper Goldmanites will be killing each other for Soylent Green (which by then will be made of central bank heads,presidents, congressmen and DHS agents and yup, all those assinine talking heads of MSM.)
!!
What happens when the SPAM runs out at the Rothschild mansion? hmmm??
Good going economic devastation, you saved Hormel. Now if we can just get that Israeli/Iran war going, then the numbers will really pop. /sarc
I'll have your Spam. I love it!
http://www.youtube.com/watch?v=anwy2MPT5RE
Its in my SHTF stash......and the have different flavors now.....
You can't eat it...
Spam fried rice! Something I think every marine who'se ever been stationed at Pearl knows..
You can't beat a fried Spam and egg sandwich with cheese.
Yup, Hawaiians love that stuff
1969 two week summer scout camp in Oahu. We had spam for breakfast, lunch and dinner. Yes they love it. I consider it survival food only. I managed to survive that two weeks but it was rough and got rougher after about 3 days of spam.
I was in Oahu in February and they had a large street festival where every food vendor was selling some form of Spam.
I thought it was a joke but when I said so, nobody was laughing, they take their Spam seriously over there
so do your arteries
Two words: Spam musubi
Two words: diarrhea, vomiting
Ahh, come on! I know from previous discussions you've got ties to Hawaii. Do you really not like Spam musubi? Pan fried spam in teriyaki sauce with a little extra sauce on the rice...no? The only thing better is Portuguese sausage musubi (not as common, but really fucking good).
LOL, Agent P!
Yes, I could not resist tweaking your Spam funny-bone.
But in all honesty, I do despise the stuff, and have since my mother forced it on us (very rarely, fortunately) as kids. I can still remember the salty greasiness, the offensive barnyard filthy-piggish odor, the unnatural texture --- YECH!!
You know, I liked pretty much all the food in Hawaii (even seeking out and cooking breadfruit and taro leaves myself), but I managed to politely avoid eating Spam every time I found myself in the room with it.
And on that note, some Spam haikus ("Spamkus"), just for you:
"I can still remember the salty greasiness, the offensive barnyard filthy-piggish odor, the unnatural texture --- YECH!!"
yeah, I remember my first visit to DC
Spam Saimin! Yum. Kau Food!
I remember going to Hawaii Islander games at Aloha stadium as a kid and getting S&S saimin...three strips of spam and a pink & white fishcake on top of the noodles...mmmm, yummy yummy!
I got friends from the Phillipines that love the stuff too
I guess it has the key ingredients that make things tasty, its full of fat and salty as all fuck
I'm sorry. What is "The Market", again?
Where you go to exchange your PM's for whatever your little heart desires.
The "rope a dope" market, Timmy and the boys lean against the ropes and let the bears punch themselves out for most of the session only to come off the ropes with a late flury of combination buy orders. The judges are impressed, until they aren'nt.
You can make a case for storing some Spam as part of your preparations, but, I will put more money into gold, silver, and guns & ammo.
WATER production capability appears to be the most important of the TEOTWAWKI preps...
the two week survival mode is what the spam is for..the 2 year survival mode is where the gold and silver will...might keep you alive...guns and attitude will be important too
I know the stock market is now completely decoupled from the real economy, but it's still amazing to watch.
Monthy Python and Spam:
http://www.youtube.com/watch?v=g8huXkSaL7o
Pink Slime....that is all
And every one of those execrable Jennie-0 (pressed turkey by-products) products is a piece of absolute shit --- worse than Spam by far, in my opinion. Who even buys or, worse yet, eats any of that crap?
my thoughts exactly
calling them a "meat producer" is a bit of a misnomer
I used to eat the turkey-loaf in a pan with the brown gravy and liked it as a kid.
Later I realized there is no turkey meat that naturally comes out looking like a rectangular brick with air bubbles in the center. The gravy was needed to cover up the frankenmeat mixture you're eating.
I envision a huge vat of gelatinous turkey meat swill (butts, beaks, feet, floor sweepings) being mechanically stirred and then poured into 4x9 aluminum pans...
Jenni-O Turkey Loaf -- official dinner meal of the Trailer Park!
SPAM: A hedonic quality adjuster for the BLS CPI. SPAM: When you just cannot afford to buy real meat anymore.
Which begs the question: What, exactly, *is* spam?
Lips and assholes. (like DC)
its not an ipad
But you can't eat it!
Chinese citizenism roadside in a can.
And they make a dogmeat-derived version for the Chinese market as well: SPOG.
(Which is actually better than the vegetarian version made for the North American market in the early 1980s that was made from pressed wheat germ --- but who wanted to buy SPERM?)
SPecial hAM
If people think Greenspan screwed up, wait until history is finished with Bernanke and the havoc he's created.
MANBERNKRUG!
Man.. What an ugly mug on that one.
now THAT is one cool halloween outfit
- include the mask
Mr. Greenspam I presume?
Haa ha ha!
The Undertaker in an Atlas Shrugged container.
Gotta love it.
A fatty meathead on top of a fatty meat product. Classic. Like the "cherry" on top of the sundae, ain't it?
Jesus Christ, that's an ugly picture.
Never mind the "hands-up"; Shoot him anyway !
You didn't invent that preserved meat. Someone else did.
Yes we canned.
Hey, you, get offal my cloud!
Which, for an economy that is 70% reliant on consumption, is hardly good news.
I thought the economy was reliant on QE2. What do you mean, you can't eat QE?
if you slice it thin and fry it for 1 minute on each side and put it on new york style bagel chips (garlic)..its pretty good..lol..especially if oyu have the beer munchies..
The key is THIN slices. You gotta crisp up both sides to ameliorate the offensive texture.
Spam... it's what's for breakfast, and lunch, and dinner
SPAM: the other Gold and Silver.
True fact: there is an office building in Anchorage, Alaska which has the EXACT shape and dimensions of a can of Spam.
The Frontier Building: http://www.emporis.com/images/show/226737-Large.jpg
shoulder meat. russian tankers and fighter pilots got it alot as reward,for joining high risk service. nice knowing i have ton of it around.esp right now
SPAM singles fit great in a BOB.
I take credit for starting the whole "Spam is a better investment than gold" theme back on Roubini's blog in 2004 or so. Roubini picked it up when he derogated the gold bugs, and it's been around ever since. It may have proved lousy investment advice, but I'm still proud to have made a modest contribution to blog history.
As US worker's wages approach those of their Chinese competitors rat meat and bird nests will be on the menu. Or perhaps some Rothschild intestines.
Spamish!
MMMM Shoulder Pork and Ham
I tried to eat Spam straight from the can once, almost puked. It makes a pretty good hobo cheeseteak if you slice it really thin, fry it up, and put some jalapenos on it.
I lived off fried spam, ramen, and saltines with peanut butter for my last two years in college. I can do it again.
I actually have kindly of liked it uncooked since I was little (no, I'm not obese). It's kind of like swirling an oyster :)
Salty and a little slimy. Mmmmmm.
But, after a few weeks...ugh, it would get old. But, good survival food.
I wonder how cooked SPAM works as bait...if needed. One could use it to catch a different meal, perhaps.
There's no perhaps about it, dude. you can catch bottom fish with spam.
Someone send Bernanke a case of it along with a sack of potatoes.
I grew up having sandwiches made from fried spam on toast with mustard. Also, on Maui you can get spam Musabi - spam silce on a small brick of rice wrapped in seaweed. Both are really good. Spam will be the ultimate food when the SHTF.
I'm going to try this and the recipes folks are posting.
Its important to try out the SHTF meals and modifications beforehand. In fact - now I'm going to pick up some teriyaki (sp) sauce for supplies.
THANKS!!!!
Absolutely; FBI; From the Big Island. You gotta be tough to live Hawaii. Neither body surfing nor Spam is for Sissies!
Just buy the fucking Spam!
The movies ... they are always right.
The devastating drought that has hit American farmers has a direct connection to the sale of Spam.
Higher meat prices are coming, although there may be a temporary price dip at the grocery as farmers liquidate cattle and pigs because of the drought. Many farmers are selling off their livestock herds because the drought has burned up their pasture land for cattle and cut corn and soybean yields forcing feed prices to rise for cattle, hogs and other livestock. Now, many farmers can't afford to buy feed, marking a new level of fallout from the drought that will affect consumers and possibly the entire U.S. economy.
As one livestock auctioneer said, farmers are selling cattle they probably wouldn't otherwise because right now it's so difficult to feed them.
This, of course, translates into future higher prices for meat. "It's the fact that they're selling the factory," he explained. "A cow sold this year doesn't produce a calf for next year."
Looks like savvy consumers, hit by economic hard times and trying to get by on less, are buying their Spam now.
Spare Parts And Meat. Spent several years living off grid in back country CO, after a few weeks of rice, beans and (hill-meat]. A can of spam was like majical manna. Seems like that type of situation possible in future. PM's great to store weath/value. Spam could be the ultimate barter item. In a land of starving zombies, any (meat)? is worth more than gold
Also try "Treet" - similar to Spam but some like the flavor better.
Hormel also has some nice corned beef in a can too.
Great food, great investment - long term storage that preserves wealth... AND you can eat it!
"Treet" has more fillers vs. Spam which is primary meat and nitrates (kidding...maybe). I almost bought some Treet for the supply stock as the Spam shelf was EMPTY! But, I decided to wait because even though in an emergency it will fill your belly - I am more partial to "keeping it somewhat real". Good tip, however.
so when they say 'sales went up'...do they mean they raised prices or they actually sold more product...big dif if you ask me.
Canned chicken and salmon. Add that to the stores. Just thinking of the ingredients of SPAM takes away my appetite, the fat and calorie counts, salt! Oy vey...
Agreed - but it'll keep you alive, if needed.
Smashed Pieces of Animal Material ("SPAM").
It is also a favorite in the bush for Alaskans. Anyway, next few times you go grocery shopping - check out other people's carts...can goods are flying off the shelf (at least in our area). I'm seeing more and more people buying canned milk + veggies + canned meats. I usually grab extra for the "supplies" with each trip and this last time noticed that at two stores the SPAM was gone. All gone - shelf cleared off. A canned chicken product was also cleared off the shelf.
Yikes.
Hunkering down? Perhaps.
Bunkering Down? Definitely!
I use Spam as insulation in the walls of my hidey-hole.
4 cans thick = R 7.5
SPAM is 80% pig piss
jb
Synthetic Pork And Melomine
Spam for starters and a toast sandwich for main course
Spam for starters and a toast sandwich for main course
Spam Have tried it once , whaaa! What is also good are sizzlers, have tried once one bite, whaa.
Once I went to England. I recognized at the breakfat buffet these sizzler type sausages which I had tried once. I warned my compagnion not to eat because its nothing for our European stomachs. But he replied he has no problem, he has a tough stomach and he likes to eat it because it reminds him to small Nurremburg bratwurst. I could not stop him. He ate it, but he felt the whole like he wants to vomit.
SPAM: Shit Pressed And Molded
I hadn't had it since I was a kid, and so I bought a couple cans to add to my food stash. I opened a can and fried it up and immediately thought, "What was Mom thinking, feeding us this crap?!" My dogs liked it, but later when I took them for a walk they both had the Chinese Shitizinism squirts alongside the road. If you keep this as part of your rations, you better have a gallon of water to drink handy, and a good stockpile of asswipe.
ROR!
However, as you well know, roadsides are the ONLY proper parade ground for Chinese Shitizinism.
True, but my dogs usually have more decorum. They just couldn't manage to get into the woods in time. They actually looked ashamed.
Unlike your typical Chinese Citizenism citizens, whose frequent roadside excretory escapades merely leave them looking bored.
Excretory eternal nature...
Made me laugh!
In the 70's i was on a aircraft carrier and we had a "casualty" basically it took the kitchens of line for a week we were issued C Rats from the Korean war the protein component was spam in a tin inside the c rat tin eatable but only after a couple days of not eating
Another cap to inflation!
The shift from hamburger to spam by the unemployed has no doubt helped revise the CPI downward,
heuristically speaking of course.
To make SPAM edible:
Cut into 1/4" thick slices, and arrange them on a baking tray. Pop into a preheated 350 degree oven, cook 'til almost crisp.
Serve with hashbrowns and eggs over easy. Not bad.
Blend a can with some Jimmy Dean sausage patties-add a couple eggs and pour out on a griddle like hotcakes. Good all day and all the protein you need.
I dare you to try eating SPAM now. Its 10% salt, 15% water, 75% Ammonium Hydroxide: Pink Slime. Sure if you've got some 20+ y.o. cans that still qualifies as food, but just crack a can in the store & whiff the ammonia. Nasty.