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real chicken, go too yahoo finance and check out symbol PPC, pilgrims pride company
biggest chicken producer, with commodities rising, the cost of feed has gone up so fast, they decided to hedge there costs, this hedge blew up and they are puking up money on that decisions
plus, chicken sales are flat while costs are outta of sight
company been around 50 years, well run, not crazy risk takers, very cost concious, and rising corn prices going up 300% in two years is putting it in a position of having too look for money, at a time there is not much money, and who wants to lend them money, they have thin margins, and cost problems that are so erratic no one knows where they will be day too day, let alone month too month, year too year
and we can't forget fuel costs for them, doubled
not good
eat mor chiken
biggest chicken producer, with commodities rising, the cost of feed has gone up so fast, they decided to hedge there costs, this hedge blew up and they are puking up money on that decisions
plus, chicken sales are flat while costs are outta of sight
company been around 50 years, well run, not crazy risk takers, very cost concious, and rising corn prices going up 300% in two years is putting it in a position of having too look for money, at a time there is not much money, and who wants to lend them money, they have thin margins, and cost problems that are so erratic no one knows where they will be day too day, let alone month too month, year too year
and we can't forget fuel costs for them, doubled
not good
eat mor chiken
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