Here we are in December and Cal-Maine Foods (CALM) has seen a massive run up. We believe that profits should be taken.

While the overall market has improved slightly from a year ago, there are not positive catalysts in sight. The egg markets are still under pressure and the uncertainty is prevalent. There are over $90 million in losses to be recovered before a dividend will be paid. The company is controlling costs well, and we are encouraged by declining feed costs, however, egg pricing drives sales and earnings here as we showed.

We have nothing going for the name that makes us want to urge you to buy the name after this run up. We must wait for a sustained turnaround in pricing before buying long-term.

Sell the stock as it approaches $50!


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