BRFS - BRF SA Finally Catches A Break
“Once is happenstance. Twice is coincidence. Three times is enemy action.” - Ian Fleming
Between rising costs, weakening positions in once-key markets, a scandal that has closed off the EU market, and a general sense of operational disarray, BRF SA (BRFS) has continued to struggle and has lost about half of its market value since the start of the year. At long last, though, investors finally have some good news to celebrate — the company’s Chairman, and former CEO of Petrobras (PBR) has been named as the new CEO.
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