Cal-Maine Foods (CALM): The Perfect Downturn Stock
Jul 24th, 2008 | By Wayne Mulligan | Category: Featured, Financial NewsPeople still have to eat in a downturn, says Wayne Mulligan in Penny Sleuth. And as household budgets get tighter, shoppers are least likely to get rid of staple foods.
This makes an investment in eggs a great way to play the downturn. That’s because the humble egg is one of the great American food staples.
One of the best ways to invest in Americans’ reliance on eggs is through Cal-Maine Foods, Inc. (CALM). The company produces almost 15% of the eggs eaten in the US. Its market share is growing. And it has a rock-solid set of financials…