Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

BRF Still In The Early Stages Of A Major Transformation

It is going to take time to realize, but the management of BRF SA (NYSE:BRFS), or "Brasil Foods", has a bold vision for this already-large food company. The basic story at BRF has not changed all that much - the company wants to transition from a commodity producer of animal proteins to a diversified branded global food company - but management has gotten more serious about product development, go-to-market strategies, and global distribution. With a strong position in the growing Brazilian market, as well as footholds in the Middle East and Asia, a potential double-digit annual return makes this still a stock worth following closely.

Good Underlying Signs In An Otherwise Unremarkable Quarter

BRF largely did what was...

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