October 2 Earnings: Cal-Maine Foods: Competition Galore
Updated
The company's efforts to restructure have not come across well so far, trailing its competitors.
Cal-Maine has a long way to go, I believe, to fairly compete with larger players.
I am pessimistic on the company's 3 month prospect and have a $35.00 PT.
Stop set at $45.00 but is flexible up to $50.00.
I believe the company will report lower guidance on Monday.
Cal-Maine has a long way to go, I believe, to fairly compete with larger players.
I am pessimistic on the company's 3 month prospect and have a $35.00 PT.
Stop set at $45.00 but is flexible up to $50.00.
I believe the company will report lower guidance on Monday.
Comment
Cal-Maine Foods 
CALM reported ($0.33) EPS & 262.80M, missing expectations. Shares are down 2.68% to $40.00 in Pre Market.
Trade active
Partial taken at B/E on behalf of peer upside risks.
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