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Cal-Maine Foods, Inc. Message Board

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  • quebeccentre quebeccentre Jun 24, 2004 9:04 AM Flag

    WHY BUY CALM?? FOR NEWBIES...

    Will be added to the Russell 2000 Index effective this Fri., June 25th.

    Shares in float: 4 million
    Shares currently shorted: 4,513,751 (May figure)

    Has issued strong guidance for 4th Qtr. (Qtr. ended May 29). Another record revenue/earnings quarter, year-over-year, dead ahead! 4th Qtr. EPS estimated to be .80-.90 vs. last year's .18.

    4th Qtr/Full Year earnings report expected July 12.

    Cal-Maine Foods is the largest producer and distributor of shell eggs in the United States (13% of domestic shell egg sales), selling from CALifornia to MAINE! Highly fragmented industry -- lots of opportunities for more acquisitions (has made 10 since 1989).

    CALM is also the leading producer and marketer of premium-priced SPECIALTY shell eggs (reduced cholesterol, cage free and organic, under Egg-Land's Best and Farmhouse brands).

    4th and lst fiscal quarters (last quarter and current one) are always seasonally the weakest for egg prices. However, CURRENT EGG PRICES ARE STILL RUNNING HIGHER THAN THEY WERE THIS TIME LAST YEAR!!

    CALM's recently-completed facility in Guthrie, Kentucky is now up and running, adding approximately 1,500,000 layer capacity.

    Very undervalued...TRAILING P/E 7. PEG .50.

    Object of recent well-orchestrated short attack, with current short interest 112% of the float, per Yahoo.

    Proposed secondary--which the shorts were apparently hoping to cover their shorted shares with--has been cancelled.

    High institutional/insider ownership.

    Recent Split = More shares in the float = Greater liquidity = Greater mutual fund participation

    Low-carb, high-protein style of dieting gaining more and more mainstream/medical acceptance (Why? 'cause it WORKS!). In other words, there will be NO slowdown in egg consumption in the foreseeable future.

    CALM produces approx. 98% of the baby chicks required for its laying flock replacement.

    CALM's own feed mills produce and manufacture 97% of feed needed for their flocks.

    Per CALM'S 10-K, historically the Company has tended to have HIGHER profit margins when feed costs are higher, NOT lower! (Higher feed costs encourage some producers--especially marginal onces--to REDUCE production, usually resulting in higher egg prices.)

    Canadian bird flu epidemic (19 million birds slaughtered) means more business/profits for CALM, as do new regulations reducing number of birds per cage. U.S. egg exports to Canada thus far in 2004 are over twice those of 2003 by this same time, while Canadian egg exports to the U.S. have declined substantially year-over-year.

    Good site for checking current and comparing YEAR-OVER-YEAR egg prices:

    www.ams.usda.gov/poultry/mncs/EggReport/USDAEGGMARKETNEWSREPORT.html

    Hold on to your shares, longs! Keep those stops MENTAL! Don't let the MM's take your shares cheap!

    Good luck to all longs... 25$ is aroud the corner

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Great Post Qu�becCnetre

      Will be added to the Russell 2000 Index effective this Fri., June 25th.

      Shares in float: 4 million
      Shares currently shorted: 4,513,751 (May figure)

      Has issued strong guidance for 4th Qtr. (Qtr. ended May 29). Another record revenue/earnings quarter, year-over-year, dead ahead! 4th Qtr. EPS estimated to be .80-.90 vs. last year's .18.

      4th Qtr/Full Year earnings report expected July 12.

      Cal-Maine Foods is the largest producer and distributor of shell eggs in the United States (13% of domestic shell egg sales), selling from CALifornia to MAINE! Highly fragmented industry -- lots of opportunities for more acquisitions (has made 10 since 1989).

      CALM is also the leading producer and marketer of premium-priced SPECIALTY shell eggs (reduced cholesterol, cage free and organic, under Egg-Land's Best and Farmhouse brands).

      4th and lst fiscal quarters (last quarter and current one) are always seasonally the weakest for egg prices. However, CURRENT EGG PRICES ARE STILL RUNNING HIGHER THAN THEY WERE THIS TIME LAST YEAR!!

      CALM's recently-completed facility in Guthrie, Kentucky is now up and running, adding approximately 1,500,000 layer capacity.

      Very undervalued...TRAILING P/E 7. PEG .50.

      Object of recent well-orchestrated short attack, with current short interest 112% of the float, per Yahoo.

      Proposed secondary--which the shorts were apparently hoping to cover their shorted shares with--has been cancelled.

      High institutional/insider ownership.

      Recent Split = More shares in the float = Greater liquidity = Greater mutual fund participation

      Low-carb, high-protein style of dieting gaining more and more mainstream/medical acceptance (Why? 'cause it WORKS!). In other words, there will be NO slowdown in egg consumption in the foreseeable future.

      CALM produces approx. 98% of the baby chicks required for its laying flock replacement.

      CALM's own feed mills produce and manufacture 97% of feed needed for their flocks.

      Per CALM'S 10-K, historically the Company has tended to have HIGHER profit margins when feed costs are higher, NOT lower! (Higher feed costs encourage some producers--especially marginal onces--to REDUCE production, usually resulting in higher egg prices.)

      Canadian bird flu epidemic (19 million birds slaughtered) means more business/profits for CALM, as do new regulations reducing number of birds per cage. U.S. egg exports to Canada thus far in 2004 are over twice those of 2003 by this same time, while Canadian egg exports to the U.S. have declined substantially year-over-year.

      Good site for checking current and comparing YEAR-OVER-YEAR egg prices:

      www.ams.usda.gov/poultry/mncs/EggReport/USDAEGGMARKETNEWSREPORT.html

      Hold on to your shares, longs! Keep those stops MENTAL! Don't let the MM's take your shares cheap!

      Good luck to all longs... 25$ is aroud the corner


      Posted as a reply to: Msg 21890 by quebeccentre

    • Will be added to the Russell 2000 Index effective this Fri., June 25th.

      Shares in float: 4 million
      Shares currently shorted: 4,513,751 (May figure)

      Has issued strong guidance for 4th Qtr. (Qtr. ended May 29). Another record revenue/earnings quarter, year-over-year, dead ahead! 4th Qtr. EPS estimated to be .80-.90 vs. last year's .18.

      4th Qtr/Full Year earnings report expected July 12.

      Cal-Maine Foods is the largest producer and distributor of shell eggs in the United States (13% of domestic shell egg sales), selling from CALifornia to MAINE! Highly fragmented industry -- lots of opportunities for more acquisitions (has made 10 since 1989).

      CALM is also the leading producer and marketer of premium-priced SPECIALTY shell eggs (reduced cholesterol, cage free and organic, under Egg-Land's Best and Farmhouse brands).

      4th and lst fiscal quarters (last quarter and current one) are always seasonally the weakest for egg prices. However, CURRENT EGG PRICES ARE STILL RUNNING HIGHER THAN THEY WERE THIS TIME LAST YEAR!!

      CALM's recently-completed facility in Guthrie, Kentucky is now up and running, adding approximately 1,500,000 layer capacity.

      Very undervalued...TRAILING P/E 7. PEG .50.

      Object of recent well-orchestrated short attack, with current short interest 112% of the float, per Yahoo.

      Proposed secondary--which the shorts were apparently hoping to cover their shorted shares with--has been cancelled.

      High institutional/insider ownership.

      Recent Split = More shares in the float = Greater liquidity = Greater mutual fund participation

      Low-carb, high-protein style of dieting gaining more and more mainstream/medical acceptance (Why? 'cause it WORKS!). In other words, there will be NO slowdown in egg consumption in the foreseeable future.

      CALM produces approx. 98% of the baby chicks required for its laying flock replacement.

      CALM's own feed mills produce and manufacture 97% of feed needed for their flocks.

      Per CALM'S 10-K, historically the Company has tended to have HIGHER profit margins when feed costs are higher, NOT lower! (Higher feed costs encourage some producers--especially marginal onces--to REDUCE production, usually resulting in higher egg prices.)

      Canadian bird flu epidemic (19 million birds slaughtered) means more business/profits for CALM, as do new regulations reducing number of birds per cage. U.S. egg exports to Canada thus far in 2004 are over twice those of 2003 by this same time, while Canadian egg exports to the U.S. have declined substantially year-over-year.

      Good site for checking current and comparing YEAR-OVER-YEAR egg prices:

      www.ams.usda.gov/poultry/mncs/EggReport/USDAEGGMARKETNEWSREPORT.html

      Hold on to your shares, longs! Keep those stops MENTAL! Don't let the MM's take your shares cheap!

      Good luck to all longs... 25$ is aroud the corner

 
CALM
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