As I mentioned in my last article on BRF SA, I would be updating my valuation on the company to reflect the new information from their first-quarter results. I also participated in their 1Q20 conference call to get a better understanding of the company's strategy to improve its profitability. Reading a company's strategy tends to generate more questions than it answers since it usually is less detailed and very bland. Listening to them talk about allowed me to understand the details of the strategy.
Quick risk overview, BRF SA was involved in several political