Despite BRF (BRFS) shares are trading near all-time lows, the company will face significant challenges in the months to come. The impact of the coronavirus on the Brazilian economy is yet to be seen. As the company has a complete vertical integration, a supply chain disruption may have a substantial impact on operations in a time when BRF has to face large debt payment obligations. Equally important is that BRF's business has narrow margins with high exposure to market price volatility. As uncertainty still prevails, I would suggest waiting for greater clarity.