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Stock impact report

Bachoco: Mexico's Poultry Powerhouse Is Bizarrely Cheap [Seeking Alpha]

Pilgrim's Pride Corporation (PPC) 
Last pilgrim's pride corporation earnings: 4/29 05:12 pm Check Earnings Report
US:NYSE Investor Relations: ir.pilgrims.com/investor-relations
Company Research Source: Seeking Alpha
SummaryGenerally, companies selling at tangible book value have some obvious defect or shortcoming.That's not the case with Bachoco - it's a growing business with stable profitability in a recession-proof industry.The company's cash balance alone makes up half the market cap and more than covers all outstanding liabilities. This is the definition of a safe haven investment.It's also quite profitable - it offers a 10% earnings yield and pays a reasonable dividend as well.I see 53% upside as earnings normalize post-Covid and the stock returns to a 14x P/E ratio.This article was highlighted for PRO subscribers, ’s service for professional investors. Find out how you can get the best content on hereSource: Bachoco 2019annual reportIBAI've taken a position in Bachoco for a few reasons. One, it has proven to have more stable profit margins than the U.S.-based chicken competition. That alone is a substantial leg up; in a commodity business, having the most stable margins makes life a lot eas Show less Read more
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