BRFS - BRF: The Recent Rise Is Not A Chicken Flight

2024-07-05 05:00:26 ET

Summary

• Brazil is a powerhouse in agribusiness, and BRF has a prominent position in the poultry market.
• The company's costs have fallen, which should bring even better margins in the short term.
• BRFS has an attractive valuation based on the EV/EBITDA multiple and is experiencing very strong momentum.

Investment Thesis

I recommend buying BRF shares ( BRFS ). The company has a prominent position in one of Brazil's strengths, commodity exports, and the degree of internationalization that the company has achieved mitigates specific risks to the local economy....

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