Futures market goes wild (Great long)
Go long Big Slim Jim, cause it's time for the Annual Summer Slim Jim price hike:
From the NY Post:
Don't be surprised if Slim Jims start disappearing from convenience store shelves -- lovers of the dried meat snack may start stockpiling them now that production has been halted.
ConAgra, the maker of Slim Jim, hasn't produced any new inventory since an explosion destroyed the only plant in the country that made the beef jerky treat in early June. Three people died in the incident, which appears to have been caused by a gas leak.
The company won't be able to make new Slim Jims for at least another month, which means that, for the time being, there's a finite supply available to sate the appetites of hungry truckers.
"People who like [Slim Jim], when they find out that there's a shortage, are going to grab onto them, I'm certain of it," said Harry Balzer, a food industry analyst with NPD Group. "Maybe [Ben] Bernanke should step in with some TARP money because people can't live without their Slim Jims."
That's true, according to food industry consultant Jim Degan.
"[Slim Jims] loyalty is very high," Degan said. "If you eat Slim Jims, you aren't going to find brand B or C to be an acceptable substitute."