Sounds like now is the time to buy!
Not exactly....Morningstar came out today and put a target price of $0.00 on the Pilgrim's Pride stock.
Unfortunately, the company had a lot of debt from a previous acquisition. Then factor in feed prices that were through the roof all summer, and now falling exports.....and you've got big trouble.
They need to access the credit markets to continue operating, and they're having difficulty doing that....
Sorry OP
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