Actually they do pass along the higher cost to the consumer by pricing their product higher. Not sure where the confusion is. They own the chickens and can charge as much as they want for their eggs.
You are right in that there are no analysts which is actually even better because it doesn't have a wide network of coverage yet. I meant to say fund managers and hedge fund operators who own the stock.
Eggs have 6g of protein. A dozen eggs will therefore have 84g of protein and costs $2. To get the same kind of protein from a chicken breast, fish or steak, you will spend $5-$15 depending on what you buy. Not sure if your question was a sarcastic one.
Actually gas is a lot more elastic than one might think but thats a separate argument. People don't buy cars at a 20% premium just to look good, yet Prius is one of the best selling cars these days. Surely you are not comparing food with transportation. If you have ten dollars in your pocket, would you drive somewhere or feed yourself first?
Cal-Maine Foods: Ready to Cook [View article]
Cal-Maine Foods: Ready to Cook [View article]
Cal-Maine Foods: Ready to Cook [View article]
You are right in that there are no analysts which is actually even better because it doesn't have a wide network of coverage yet. I meant to say fund managers and hedge fund operators who own the stock.
Eggs have 6g of protein. A dozen eggs will therefore have 84g of protein and costs $2. To get the same kind of protein from a chicken breast, fish or steak, you will spend $5-$15 depending on what you buy. Not sure if your question was a sarcastic one.
Actually gas is a lot more elastic than one might think but thats a separate argument. People don't buy cars at a 20% premium just to look good, yet Prius is one of the best selling cars these days. Surely you are not comparing food with transportation. If you have ten dollars in your pocket, would you drive somewhere or feed yourself first?