I do not see how they can meet their estimates. They look optimistic to me.
1. El Nino indicating more snow and rain over the next 12 months.
2. Surplus of corn, wheat and soybeans.
3. Republican promise to end corn based energy production.
4. Russian crop production ramp up as one of their means to help their balance sheet.
Fortunately I added before this huge run up.
LCI catalyst appears clear to me with acquisition even though it requires a bit of debt.
CALM egg company with massive upside in earnings this year with great dividend.
PPC chicken company with p/e around 6 with feed (corn, wheat, soy, fish meal prices plummeting) and new chicken restaurants opening in the thousands.
SAFM same catalysts as PPC, both extremely inexpensive stocks from earnings and fundamentals perspectives.
All have high short positions for no fundamental reason. In the case of CALM the high short position has existed for over 10 years but the stock has risen more than 90% of the market over the past 20 years.