From what I heard from the industry people, free range eggs have higher margin than cage eggs. Also please note 15% chook flock increase by june'16... That might correlate with their 15% free range revenue growth plus it means that the new sheds are already filling up with the birds...
I agree, the company does not need more cost savings, this is pretty good for now. Analysts estimate $2.5-2.75 value, i believe it is worth $2.75-3, some people target $3.5...
I sent my questions to CEO already, and request to include in agm slides.
The company is trading at low ebitda 5-6 cause of management lack of detailed plan re revenue growth.
I suspect an acquisition coming up soon, otherwise what will they do with all the 15 mil ocf per year???
FRM Price at posting:
$1.75 Sentiment: Buy Disclosure: Held
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