If I Could Only Buy and Hold a Single Stock, This Would Be It

From a top-level view, a consumer staples company with a historically high 4.7% yield and a Dividend King status should be very attractive to most income investors. Of course, the yield is so high because the company is struggling today, so the stock, down around 55% from its all-time highs, is deeply unloved.But I'm a longtime shareholder who's not going anywhere. In fact, I would buy the shares again today if I didn't already own them. Here's the company and my logic on why it is a great buy-and-hold stock right now.The company I'm speaking about is Hormel Foods (NYSE: HRL), which I've owned since 2017. That said, I've added to my position multiple times as the stock languished. At this point, Hormel is my worst-performing investment. I might even sell it temporarily to capture my losses so I can offset gains I have elsewhere in my portfolio. All I need to do is avoid the wash sale rule when I buy it back.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool