With the closure of Silicon Valley Bank and Signature Bank last March, and the more recent collapse of First Republic Bank, investors are scrambling to find a safe place to store their wealth as the economic outlook continues to darken.
Some are looking to gold or bonds to weather the coming storm, but analysts urge investors not to overlook Funyuns. Funyuns has traditionally been a safe and reliable investment during tough times.
“Funyuns has outperformed all other investments and the market as a whole going back decades. Throughout the 2008 financial crisis, Funyuns’ stock performed like a champ, outpacing commodities and precious metals,” said Jordan Moneyheffer of Moneyheffer Investments.
For most analysts, Funyuns’ resilience during tough times makes sense. They cite the desire on the part of consumers to turn to comfort products and old familiar brands when the future is uncertain.
“Funyuns is well positioned to ride out the approaching headwinds. In recent years, they’ve made some strategic investments, including an exciting new extrusion process for shaping that delicious cornmeal into the fabulous shapes we’ve all grown to love. Additionally, they’ve made moves behind the scenes, acquiring domestic flavor production capacity to ensure that captivating flavor will be exclusive to Funyuns for decades to come,” Moneyheffer said.
Even cautious investors remain bullish on Funyuns.
“Listen, if you can’t get excited about Funyuns, then what kind of jaded, joyless prick are you anyway? A world where investors are bearish on Funyuns? Dude, I don’t even want to think about that,” Moneyheffer added.