I bought some earlier...It still looks cheap to me. What am I not seeing?? Is it the debt?? Too many shares outstanding? Is it because it's a boring/mature industry? Is it younger people are becoming vegetarians? Here are the stats...Any insight I would like to hear. PPC...Stock closed at $20.80 Valuation Measures Market Cap (intraday) 5 5.18B Enterprise Value 3 8.15B Trailing P/E 7.46 Forward P/E 1 7.05 PEG Ratio (5 yr expected) 1 -2.26 Price/Sales (ttm) 0.48 Price/Book (mrq) 2.80 Enterprise Value/Revenue 3 0.76 Enterprise Value/EBITDA 6 5.95 Financial Highlights Fiscal Year Fiscal Year Ends Dec 31, 2017 Most Recent Quarter (mrq) Dec 31, 2017 Profitability Profit Margin 6.45% Operating Margin (ttm) 10.18% Management Effectiveness Return on Assets (ttm) 12.16% Return on Equity (ttm) 35.25% Income Statement Revenue (ttm) 10.77B Revenue Per Share (ttm) 43.29 Quarterly Revenue Growth (yoy) 15.70% Gross Profit (ttm) 1.47B EBITDA 1.37B Net Income Avi to Common (ttm) 694.58M Diluted EPS (ttm) 2.79 Quarterly Earnings Growth (yoy) 90.20% Balance Sheet Total Cash (mrq) 581.51M Total Cash Per Share (mrq) 2.34 Total Debt (mrq) 2.74B Total Debt/Equity (mrq) 147.62 Current Ratio (mrq) 1.73 Book Value Per Share (mrq) 7.42 Cash Flow Statement Operating Cash Flow (ttm) 801.32M Levered Free Cash Flow (ttm) 384.5M Trading Information Stock Price History Beta -0.14 52-Week Change 3 -10.83% S&P500 52-Week Change 3 13.55% 52 Week High 3 38.39 52 Week Low 3 20.23 50-Day Moving Average 3 23.00 200-Day Moving Average 3 28.25 Share Statistics Avg Vol (3 month) 3 1.37M Avg Vol (10 day) 3 1.62M Shares Outstanding 5 248.98M Float 52.98M % Held by Insiders 1 0.32% % Held by Institutions 1 26.24% Shares Short 3 16.54M Short Ratio 3 16.15 Short % of Float 3 31.39% Shares Short (prior month) 3 16.37M Dividends & Splits Forward Annual Dividend Rate 4 N/A Forward Annual Dividend Yield 4 N/A Trailing Annual Dividend Rate 3 N/A Trailing Annual Dividend Yield 3 N/A 5 Year Average Dividend Yield 4 N/A Payout Ratio 4 0.00% Dividend Date 3 May 18, 2016 Ex-Dividend Date 4 May 6, 2016 Last Split Factor (new per old) 2 3/2 Last Split Date 3 Aug 2, 1999
Hey not an answer to your question... but where did you get that data? I'm pretty sure that short interest is way off. Actually its the float that is way off, it should be about 248M. That being said, the whole sub-sector of consumer goods (foods) is down about 8% ytd. And in that 8%, there are some real dogs pulling it down. Campbell's soup hit a 4 year low today. Mondelez, Kraft Heinze (albeit they bounced a bit on earnings) was at an all-time low for the stock last week. All the big names are down. Input costs and transportation costs are the reason. And chicken processing is heavily dependent on low wage (illegal) labor. And we know whats going on there. Pilgrim's is only at a 52 week low. For real, it could test $17.50. So be careful. Sell the calls on strength if you want to keep it.
I'm thinking cheap chicken...McDonalds Nuggets, KFC, school lunch programs. There will always be a market for that junk!! Also frozen chicken to China...Yeah, I know it's on thin ice with trade there. Christians, Muslims, Jews, agnostics, atheist eat this stuff. Throughout all of asia, latin america, even europe people will eat it. I know there was talks of Bunge BG and ADM combining (merger)...But it never happened. Both are really being hurt by the low commodity prices. With cheap grain prices, it should aid the chicken industry...No?? I'll keep my holdings and wait it out. Hate to double down on something...For me it usually goes bad (example GE). I'll wait for blood in the streets (Warren Buffet style) before I add to my position...