That much maligned canned meat product, Spam, apparently is quite popular these days as food prices continue to rise, according to an Associated Press story.
Hormel Foods Corp., the maker of Spam, reported last week that Spam sales rose 10.6 percent in the past three months compared to the same time last year. The company also has beefed up its marketing efforts with new television commercials aimed at customers whose food dollars are already stretched thin. The price of a 12-ounce can of Spam averages $2.62, according the Associated Press.
Founded in 1937, Spam is made from ham, pork, sugar, salt, water, a smidge of potato starch and a hint of sodium nitrate. Since 1937, 6 billion cans of the stuff have been sold. Spam can be fried, grilled, baked or placed on bread as a sandwich.
In the light of rising food prices, are you turning to Spam as a cost-saver? If so, do you have any favorite recipes you'd like to share with our readers? I'll select the best recipes for inclusion on an upcoming Taste page.
If you want to try a few Spam recipes, check out www.spam.com.
1 comment:
I love this little interesting hypothetical about spam:
Two guys are sitting around talking about investing in 1983. One guy says "I've got a great stock tip. Motorola is going to come out tomorrow with this new thing called a 'cell phone' and before long everyone is going to have one. Its going to take the place of a normal telephone. We need to take our money and invest in their stock".
The other guy says "I don't know about all that. But I love SPAM. Meat in a can! To heck with all that cell phone jibber jabber, I'm going to invest in Hormel stock."
Flash forward 25 years and the motorola investor has made and 800% return on his investment. But the guy who invested in Hormel made 3700%. The moral is the stock market has already priced your expectations into the price of stock so what you think of as good investments might not actually be the case.
That has absolutely nothing to do with cooking but I still think it's about the most interesting thing I know about spam.
Post a Comment