The fat hen sings again. If you were one of what I called “chicken flu investors” and bought some of the chicken stocks at the bottom, you must have done very well. Gold Kist Inc (GKIS) has seen its stock almost double from its April low.
Sanderson Farms Inc. (NASDAQ:SAFM) reported better than expected earnings today and the stock surged to close to the $30 level. Long term readers may remember that I was a buyer of SAFM (stocks and options) at the April low and sold everything in the June pop.
If you bought SAFM at the bottom and still hold the stock, this may be a good time to sell. Chicken Flu is still a serious threat. No one knows what will happen in the next flu season – I am sure there are still plenty of avian flu viruses alive in some corner of the world.
SAFM, GKIS Last Six Months