Welcome, @fareki & @MaryJane55! Good to have you both onboard....

Welcome, @fareki & @MaryJane55! Good to have you both onboard. 13c is a nice entry, Fareki. Same AEP as my holding for the TEP Investments Portfolio.

@fareki is spot on. Candy consumption in the U.S. during the Great Recession went into the stratosphere. Cadbury’s profits went up by 30 percent in 2008 and Nestle jumped up 11 percent during that time.

Demand for Candy is inelastic because no matter what the economy is like (and despite it being a small-part of consumer budgets), it is one of the most consistent items people purchase, particularly in the US.

This fact also means there is some pricing power here, particularly for differentiated premium Candy, like CLBs.

Sign up to Candy Club and you will receive their marketing emails; you'll get a feel for how hard they are pushing sales right now. I'm expecting a BIG Q4-CY2020. Wouldn't be surprised to see the share price return to 18c levels off the back of the next 4C.

T.E.P.