Opinions
Hap (Robert) Sneddon FCSI
Cal-Maine Foods Inc.
CALM-Q
COMMENT
Nov 26, 2015
$55.880
Stock price when the opinion was issued
food processing
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TOP PICK
Stockchase Research Editor: Michael O'Reilly CALM produces and distributes eggs for sale to national grocery and food service companies. With more people cooking at home, sales have been strong -- up over 11% over the year and beating analyst expectations by 4%. EPS of $0.25, also beat expecations of a $0.08 loss. As restaurants re-open sales should grow further. Analysts expect the dividend to be re-instated soon. We would buy this with a stop-loss at $34, looking to achieve $47 -- just over 20% upside. Yield 0% (Analysts’ price target is $47.00)
food processing
TOP PICK
Stockchase Research Editor: Michael O'Reilly CALM is the largest producer of regular shell and specialty eggs in the US. It carries no debt and has been growing its cash flow. They maintain a strong balance sheet by reducing the dividend following a quarterly financial loss. Recently reported EPS of $0.28 beat expectations of $0.07. The company announced a $0.034 dividend (implied payout ratio of 12%). We would buy this with a stop loss at $33, looking to achieve $47 -- upside potential over 20%. Yield 0.3% (Analysts’ price target is $47.00)
food processing
PAST TOP PICK
(A Top Pick Apr 01/21, Up 24.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MRK has triggered its stop at $50. To remain disciplined, we recommend covering half the position at this time. This will result in a net investment gain of 29%, when combined with the previous buy recommendation.
food processing
Chart shows it had formed a double top at around $60 and got repelled there. Has a base of around $50 now. It is in a band. You can wait for it to break out or buy it at the lower level.