Mccormick & Co Inc (MKC)

[DewDiligence]

In these countries, you could characterise McCormick as levying a tiny and unnoticed tax on eating.

That’s a clever way of looking at MKC's business model and is consistent with the observation at the top of #msg-74701516 that increasing global affluence leads to higher protein consumption, and most protein foods require the kind of seasoning that MKC specializes in. Regards, Dew

p.s. Note that CLF—a company I own—is the first-listed item on the underpaid list in http://www.investorschronicle.co.uk/2012/04/26/comment/no-free-lunch/underpaid-and-underowned-KIIkY34YjgjfZOY7O1ladI/article.html;jsessionid=8A22BE3D152257B7BF329E7D1293CD20.mps-apr-01-8109 .