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PPC - JBS Does Well With Trade Wars And Higher Meat Prices
Pilgrim's Pride Corporation
JBS (JBSAY) is one of the largest meat companies in the world. The embattled company has had lots of issues in its home country of Brazil with bribery and unfairly obtaining low interest loans. JBS plans to spin off much of its U.S. production which also included Pilgrim’s Pride. The stock is up 400% from when I first wrote about it back in 2007.
The stock trades for 27.25 reais, there are 2.67 billion shares, and the market cap is 72.75 billion reais ($17.44 billion). Earnings per share are 1.40 reais and the