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  1. #31
    Advanced Member Valuegrowth's Avatar
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    As I said, Consume staples such as Sanderson Farms have more legs. If I am correct its stock price hit $100 for the first time on Friday. This is one of the stocks which may break all time high again and again in the long run although we cannot rule out some volatility. It is surprise to see there is a good demand for poultry stocks despite some bird flu reports in the USA.
    Last edited by Valuegrowth; 25-03-2017 at 04:17 PM.

  2. #32
    Advanced Member Valuegrowth's Avatar
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    Still it is outperforming the broader market. It broke into new 52 week high on April 21 Session.

    https://6milestandard.com/watching-s...daqsafm/51552/

    Watching Shares of Sanderson Farms, Inc. (NASDAQ:SAFM)

    https://www.equities.com/news/sander...ril-21-session

    Sanderson Farms Inc. (SAFM) Breaks into New 52-Week High on April 21 Session

  3. #33
    Advanced Member Valuegrowth's Avatar
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    This chicken stock bucked the trend on Friday by rising over 3%.

    https://nz.finance.yahoo.com/news/sanderson-farms-safm-loss-wider-143702829.html
    Last edited by Valuegrowth; 07-03-2020 at 10:15 PM.

  4. #34
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    Quote Originally Posted by Valuegrowth View Post
    This chicken stock bucked the trend on Friday by rising over 3%.

    https://nz.finance.yahoo.com/news/sanderson-farms-safm-loss-wider-143702829.html
    This share looks to have the big picture animal protein industry tail wind from killing pigs in China leading to higher prices for chicken in the USA. But that chart referenced in your link over the last three months looks dismal, with SAFM grossly underperforming the "Food-Meat Products Market" sector (down 25.4% vs 15.4% for the sector).

    The latest headline financial reporting period profit was poor, leading me to believe that yesterday's recent share price out performance was part of a relief rally that the results were not worse than expected.

    "market prices for tray pack products sold at retail stores were marginally higher on better product mix as well as healthy demand and supply balance."

    With such a strong worldwide shortage of protein, having prices just 'marginally higher' does not sound encouraging. "Marginally higher' prices look to be more than offset by feed costs rising 6.3%. However the capital position of the company looks very sound. So they have the capability to withstand losses over the medium term.

    "increased promotions for chicken at quick-serve restaurants are likely to drive growth in poultry market in 2020"

    Translation: Sell SAFM, Buy YUMC ;-)

    SNOOPY
    Last edited by Snoopy; 08-03-2020 at 07:14 AM.
    Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7

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