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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (57577)	9/26/2016 8:59:11 AM
From: E_K_S	Read Replies (1) of 78802

Cal-Maine Foods, Inc. (CALM) - food deflation Lower pricing cuts deeply into results at Cal-Maine Foods Cal-Maine Foods (NASDAQ: CALM) swung to a loss in FQ1 after sales plummeted 61% Y/Y. "Our results for the first quarter of fiscal 2017 reflect a disappointing shell egg market with more challenging market conditions and significantly lower market prices than the first quarter of fiscal 2016," says CEO Dolph Baker. Cal-Maine's average selling price per a dozen eggs fell to $0.952 during the quarter from $2.243 a year ago, while feed costs were higher. ----------------------------------------------------------- Even w/ very low CORN prices, no pricing power for 1 dozen eggs. Wow, Their avg selling price $0.952/dozen eggs. Bought whole chickens over the weekend at $0.76/lb. It cost more for tomatoes per lb than for Chicken and/or 1 dozen eggs. Shares of CALM are down 7.52% premarket to $39.00 vs. a 52-week trading range of $39.60 to $63.25. No low ball orders today, just watching. EKS

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