even if ing have locked in prices with retailers, it’s likely/possible they have forward hedged against costs of fuel and feed. This would have been the prudent thing to do in advance if locking in retail prices. Alternatively, retail prices may have a inflation clause. To your point, we don’t know. But don’t forget that this information as been known to the market fur a long time now and the price if ing has already been impacted. To think that the price will continue to be impacted by the same news is crazy. I’m my opinion, the extremely low valuation on ing stock factors in the expected short term impact on feed, labour fuel inflation. Happy to see the price continue to fall so I can further average down. Money isn’t made by buying at the top, it’s made in moment like this by buying when blood is in the streets.
not investment advice. Do your own research, etc etc..,
ING Price at posting:
$2.75 Sentiment: Buy Disclosure: Held
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