are we setting on a goldmine. Anybody want to attempt the quiz. Lets see 5% reduction in cost of production due to the lowered cost of feed stuffs; plus a 9% increase in the price of raw chicken and the earnings are phenomenal. 1.85 as listed on yahoo shouldn't even touch 99 earnings if we have no extraordinary charges or something along that line. I don't care how much money you have made, do not sell;this is a 36 to 50 dollar stock. The MMs will probably drop this baby back to 20 next week to shake a few shares loose, but do your dd and be a savy investor. At a pe of 20 this is a 36 dollar stock and a pe of 30 this is a 54 dollar stock.
Stock split-i refered to it many, many post ago when we were 24-25, as i stated before, this stock has never split and it will be interesting to see how bo and the boys handle it. I for one would like to see this stock in the 13 to 15 dollar range post split. Just a 1% increase in income less a 1%savings in cost does one hell of a job on the bottom line of this little company. Do the dd and the math to find out.What if savings on feed is 5% of total cost and increase chicken costs increase revenue by 5%, what does the bottom line look like then.
There's still time to buy. These prices are going to seem like a bargain in a few months. 3 years in a row of record profits!!! I see CHX at $30/sh in 6 months and $40 to $50 in 1 year. Buying in the 20's could return 50% to 100% this year. I'll take that anytime. I'm buying now!!!!!