Sanderson Farms is a company with long term top line tailwinds, easing input costs, and a best-in-class balance sheet operating in an industry that is consolidating. Keith just bought the stock in the Hedgeye Virtual Portfolio. Please refer to our note “IDEA ALERT: LONG SAFM” from 6/7/12 for the thesis. The levels are below; Keith sees it as a good spot to buy it here on red.
Howard Penney
Managing Director
Rory Green
Analyst