Swine Fever And Self-Improvement Leading To Real Progress At BRF

The African swine fever (or ASF) epidemic that has devastated herds in China (as well as Vietnam and other Asian nations) has spiked global prices, creating a temporary windfall opportunity for exporters like BRF S.A. (BRFS) and JBS (OTCQX:JBSAY). At the same time, though, BRF has been making steady progress in its turnaround efforts and has been able to use the ASF windfall to accelerate its leverage reduction targets.

I thought BRF shares looked a little overheated in late August, but with the stock down about 15% since then, I'm more bullish on these shares. BRF still has a lot left on its "to do" list, but new management has built up some meaningful credibility, and it's easier to see the path towards a much stronger, more competitive BRF.

Read the full article here:
Swine Fever And Self-Improvement Leading To Real Progress At BRF