Cal-Maine Foods (CALM) is the largest egg producer and distributer in the US. It sells 685 million dozen eggs a year and holds a 15% market share, with a flock of 30 million birds including the 2...
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2008 #27 Cal-Maine Foods, Inc. engages in the production, grading, packaging, marketing, and distribution of shell eggs in the United States. The company also produces and markets specialty shell eggs, including reduced cholesterol, cage free, and organic eggs marketed under two brands, ‘Egg-Land's Best’ and ‘Farmhouse’. It offers its products through a distribution network to national and regional grocery store chains, club stores, foodservice distributors, and egg product manufacturers. Cal-Maine Foods markets its p
Cal-Maine Foods (NASDAQ: CALM) is the largest producer of fresh shell eggs in the United States, distributing its products to grocery store chains, club stores, foodservice distributors and egg product manufacturers throughout the southwestern, southeastern, mid-western and mid-Atlantic regions. The company also offers reduced cholesterol, cage free, and organic eggs under the Egg-Land's Best and Farmhouse labels. Cal-Maine operates breeding facilities, hatcheries, feed mills, egg production sites and processing facilities in 16 state
The company's strengths: robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins Recently, management announced that it was generating so much cash flow that it would begin to pay a third of its net earnings as a dividend. The current yield is now in excess of 10%. Not bad ...
Even though the best days of the agriculture boom may be behind us, I have found a related play that I think still has some upside. It is Cal-Maine Foods, Inc. (CALM) which, given the volatility of this market, sounds good immediately.
Cal-Maine is in the egg business in a big way. In fact, they are the largest producers of eggs in the United States, with over 15% of the total annual egg consumption. That's a lot of chickens and when the chickens come home to roost at Cal- Maine there are 23 million of them! Last year they lay 685 million dozen eggs. That's a lot of chicken power!
Cal-Maine Foods, Inc. engages in the production, grading, packaging, marketing, and distribution of shell eggs in the United States. The company also produces and markets specialty shell eggs, including reduced cholesterol, cage free, and organic eggs marketed under two brands, ?Egg-Land's Best' and ?Farmhouse'. It offers its products through a distribution network to national and regional grocery store chains, club stores, foodservice distributors, and egg product manufacturers. Cal-Maine Foods markets its products in 29 states, primarily in the southwestern, sout...
Strong earnings, pricing power and forward guidance bode well for this egg producer.
Cal-Maine Foods, Inc. Reports Fourth Quarter and Fiscal 2007 Results Monday July 23, 6:30 am ET
JACKSON, Miss.--(BUSINESS WIRE)--Cal-Maine Foods, Inc. (NASDAQ: CALM - News) today announced financial results for the fourth quarter and fiscal year ended June 2, 2007. For the fourth quarter of fiscal 2007, net sales were $169.9 million compared with net sales of $129.4 million for the fourth quarter a year ago. The Company reported net earnings of $18.3 million, or $0.78 per basic share, for t...
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