This seems to have been really overblown unless there is some other shoe to drop. Looks like the buying opportunity of a lifetime if you can believe what was said on the conference call yesterday and their current outlook!
Panicked sellers because of the surprise 6 million dollar charge for fraudulent customer. Everything seems to be on track from news released - could have been a buying opportunity. You never know about these things.
As I stated earlier, avian flu devastation of the chicken population will crush the margins/ earnings of this stock and it could take up to two years to recover. No reason to hold this stock at the moment - even a takeover would probably be at a lower price. At this point the best thing about the company is the name which would be great for a marijuana seller.
Hasn't one of the problems with BDBD been high price and tight supply of egg whites? This does not bode well for BDBD.
Only thing that may keep FMC in mid to upper 50's is hope for a buyout from something like a DD, DOW, MON, or the like. Other than this the stock could be in the 40's and has become a show me story.