Cal-Maine Foods Ended Up More Than I Thought It Would Crack Up To Be (Rating Upgrade)

2026-02-28 08:15:08 ET

Acknowledging when you are wrong is one of the most important things, not only when it comes to investing, but when it comes to life in general. Being humble about your mistakes is how you learn and grow. A great example of this involving myself relates to my decision , back in April of 2022, to rate Cal-Maine Foods ( CALM ) a 'sell.' Leading up to that point, declining sales, profits, and cash flows, had dominated the financial narrative. Admittedly, the company was low risk because of its strong balance sheet. But the stock looked drastically overpriced. I underestimated, quite frankly, just what would happen in the egg market that the company operates in. I did not foresee prices skyrocketing because of industry supply constraints. That ultimately pushed revenue, profits, and cash flows, drastically higher. And as a result, the company's stock price has risen 81.9% at a time when the S&P 500 is up only 50.2%....

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