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RE: CalMain Foods (CALM) Analysis
In the last 20 years, the total return of CML is 21% / year. The reason for this is that they are low-cost producers in the commodity business. This is the main reason for buying a CM. I try to give it a little time through the cycle.I'm now fully long.
I understand your fundamental analysis. However, Elliott Waves states that news or events shall arrive to justify the forecast. Maybe there will be a botulinum food poisoning incident, maybe quality might temporarily suffer...who knows what the reason...or profits decline. IF the red C decline is approaching and once it starts, news will flood the reels to try and explain why. And yet, we knew of that projection much in advance prior to any news or events.