Pilgrim's Pride: A Free Cash Flow Machine Breaking Out
PPCPilgrim's(PPC) Seeking Alpha·2024-09-15 16:25
Dontstop/iStock via Getty Images Pilgrim's Pride (NASDAQ:PPC) has shown good returns since its exit from bankruptcy in 2009 but was struck in a sideways price range for almost a decade. Only in the last 3 months has it been able to break out of this range and has set expectations for even higher returns for the foreseeable future. Data by YCharts I see multiple positives with the stock but the industry risks are far too great to make a full investment in the company. Currently, my strategy is to take a  ...