Investors are certainly feeling a little more carnivorous these days, as
optimism over improving prices and margins has pushed the shares of
companies like Tyson (NYSE:TSN) to all-time highs. It certainly has hurt matters even slightly that Smithfield (NYSE:SFD)
just bagged a takeout offer at a premium price as well. That leaves
investors with a tough choice with the country's third-largest poultry
producer Sanderson Farms (Nasdaq:SAFM).
It's very difficult to goose the numbers high enough to make this stock
look cheap on a long-term basis, but the near-term momentum could make
selling today look like a chicken move.
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