No. of Recommendations: 2
'big egg' oligopolist scaled distributor facing first quarter of steep price drop from supply shock. i expect prices to drop more, but now with a higher floor from trumpflation.
one can pick almost any metric here and be happy even with some mean reversion.
margins ~30%.
no debt.
calm seems to be an einhorn-type equity. mgmt knows growth is zero or minimal, and manage for improved efficiency.
its not the growth trap that money easily flows to in the golden age of grift.
if , not when, there is another egg supply shock, calm will do great. (~3 shocks in past decade)
this is because americans love eggs in all forms, and loves complaining about high prices after always paying them.
so far, the anti-stem trump admin is not hindering egg farmers from self-managing livestock health. but the days of good advice and preventive medicine subsidies are over for now.
for traders, ~10% short float may mean something. insiders at rather generic ~12%. but anyone with a surefire way to time the bottom, please speak up !
