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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: Joe Dancy who wrote (29302)6/7/2007 12:00:40 PM
From: FIFOkid  Read Replies (1) of 37387
 
Joe- I have owned CALM since early December of '06 when egg prices rose appreciably. It is one of very few pure American stocks I still own. Honestly, I have been very frustrated with the poor action on it but believe the stock is trading between 4-5 times forward earnings and I haven't seen any appreciable weakness in egg prices and this is normally the seasonally weak period of the year. I am still keeping it based on these factors of low valuation and relative strength of product prices in normally a time of year there is overproduction.

My guess to the relative poor performance of the stock is perhaps related to the adversity of it by the investment community since its heady days of the Adkins diet and its mighty fall from grace burning many and the skepticism of egg prices staying strong for a prolonged period of time coupled with uncertainty for the company's ability to manage feed costs.
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