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egg company's stock went up 80% in 2022


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2023 Feb 15, 12:43am   396 views  4 comments

by AD   ➕follow (1)   💰tip   ignore  

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https://www.cnn.com/2023/01/13/business/egg-prices-cal-maine-foods/index.html

See above link. About 25% of egg industry is controlled by Cal-Maine Foods Inc

Look at the stock chart for Cal-Maine. It went up about 80% in from 1 January 2022 to 31 December 2022 :-/

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1   Patrick   2023 Feb 15, 2:50am  

Yes, they did very well somehow:


2   AD   2023 Feb 15, 2:41pm  

may sell 1 put contract for strike $50 that expires 17 March 2023 .. looks like safe money with equivalent annualized gain of 6% ... if it gets to $50 then that is entry point after the stock cools down from an all time high of $65
3   WookieMan   2023 Feb 15, 2:50pm  

I don't get it. Eggs are in abundance where I'm at in IL. I imagine this has to be because of cities. We have friends that literally give us eggs. We probably buy half our eggs at a grocery store if that. I can drive under 10 miles in any direction and get eggs, pig, cow, etc. straight from the source. Hell we a whiskey distillery and plenty of breweries in that range.

Get out of cities. The rural people are becoming hip or the city people are getting hip to the rural lifestyle. Everything is at your fingertips, just have to drive more. But food is fresher and better. Grow it or a local CSA and your mainly veggies here are taken care of.
4   Patrick   2023 Feb 15, 3:16pm  

True, having had chickens, I know that they do not require much work and give an abundance of eggs. A young hen in good shape can lay an egg every day. As they age they slow down, but then they usually get eaten.

If you have enough land, you don't even need to buy food for them. They eat whatever is around.

You do have to enclose them at night though or raccoons will get them.

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