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John Smith

πŸ‘€ Speaker
34416 total appearances

Appearances Over Time

Podcast Appearances

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

So that would be 12 billion eggs. So we're talking, that's, 12 billion is a lot.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

12 billion's a lot of eggs.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

12 billion's a lot of eggs.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

12 billion's a lot of eggs.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

So Sherman Miller is a Cal Maine lifer. This man, he jokes that his wife said he married Cal Maine before he married her. He started as an intern at Cal Maine. He was one of two interns, you know, and he says, good thing the other guy didn't make it. He's always been at Cal Maine and lives and breathes this company.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

So Sherman Miller is a Cal Maine lifer. This man, he jokes that his wife said he married Cal Maine before he married her. He started as an intern at Cal Maine. He was one of two interns, you know, and he says, good thing the other guy didn't make it. He's always been at Cal Maine and lives and breathes this company.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

So Sherman Miller is a Cal Maine lifer. This man, he jokes that his wife said he married Cal Maine before he married her. He started as an intern at Cal Maine. He was one of two interns, you know, and he says, good thing the other guy didn't make it. He's always been at Cal Maine and lives and breathes this company.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

So the company at the time, they had seen that bird flu was going to happen. They had been planning for it since August, around August of 2021 is what they said. And the reasoning is because it was spreading in Europe. And so they were expecting... Only a matter of time. It's only a matter of time before this comes into the US again. They spent about $70 million on various biosecurity measures.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

So the company at the time, they had seen that bird flu was going to happen. They had been planning for it since August, around August of 2021 is what they said. And the reasoning is because it was spreading in Europe. And so they were expecting... Only a matter of time. It's only a matter of time before this comes into the US again. They spent about $70 million on various biosecurity measures.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

So the company at the time, they had seen that bird flu was going to happen. They had been planning for it since August, around August of 2021 is what they said. And the reasoning is because it was spreading in Europe. And so they were expecting... Only a matter of time. It's only a matter of time before this comes into the US again. They spent about $70 million on various biosecurity measures.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

Some of their competitors had more cases or lost more facilities. CalMain hasn't had the same level of damage. And what that's meant for them is they've been able to really reap the benefits of the high egg prices.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

Some of their competitors had more cases or lost more facilities. CalMain hasn't had the same level of damage. And what that's meant for them is they've been able to really reap the benefits of the high egg prices.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

Some of their competitors had more cases or lost more facilities. CalMain hasn't had the same level of damage. And what that's meant for them is they've been able to really reap the benefits of the high egg prices.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

So they've made a lot of money and are on track to make about a billion dollars in their fiscal year in profit. In their latest quarter, they had a profit of more than $500 million, which is their biggest ever. And their stock has been one of the best performers on Wall Street. It's, you know, their market value's doubled in two years.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

So they've made a lot of money and are on track to make about a billion dollars in their fiscal year in profit. In their latest quarter, they had a profit of more than $500 million, which is their biggest ever. And their stock has been one of the best performers on Wall Street. It's, you know, their market value's doubled in two years.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

So they've made a lot of money and are on track to make about a billion dollars in their fiscal year in profit. In their latest quarter, they had a profit of more than $500 million, which is their biggest ever. And their stock has been one of the best performers on Wall Street. It's, you know, their market value's doubled in two years.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

Basically, family members are cashing out their shares for at least $100 million per member, which tallies up to about $500 million. So they're cashing out at a pretty good time.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

Basically, family members are cashing out their shares for at least $100 million per member, which tallies up to about $500 million. So they're cashing out at a pretty good time.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

Basically, family members are cashing out their shares for at least $100 million per member, which tallies up to about $500 million. So they're cashing out at a pretty good time.

The Journal.
Eggs Are Still Expensive. Is This Company to Blame?

Yeah. And that's where the critics come in. That's why you have some groups scratching their heads saying, how is that possible?