Cal-Maine Foods, Inc. (NASDAQ:CALM)
CAPS Rating:
The Company is in the business of producing, grading, packaging, marketing and distribution of shell eggs.
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The Company is in the business of producing, grading, packaging, marketing and distribution of shell eggs.
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Trying my modified MFI screener, which adds EV/EBITDA and EV/FCF criteria.I remember coming across CALM a few years ago and seeing the high short interest. Seeing as the stock has not cratered in the past few years, I believe this is a good short squeeze candidate (though I have to be surprised, the shorts have to pay the dividend unless they are covering prior to ex-div). I may buy in MRLP and collect the dividend. Another note - Whole Foods stock has recovered and is trading quite high. I will treat this as a trade along the same lines, but CALM has the low valuations to offset the one-product risk. Perhaps I am being naive here, and rising feed and energy prices, will eventually let the shorts win.[EV/EBITDA < 11] [EV/EBITDA > 0] [ROE(%) Excluded: Nulls (-)] [EPS Yield-LTM(%) < 200] [EPS Yield-LTM(%) > 6] [ROE(%) > 6] [EV/Free-CF < 11] [EV/Free-CF > 0] [EV/Free-CF Excluded: Nulls (-)] [Market Excluded: NASDAQ OTC BB] [QuickRatio > 1.5] [QuickRatio Excluded: Nulls (-)]
Results for ticker 'CALM' (Cal-Maine Foods, Inc.):
Earnings Yield: 16.0%
MFI Return on Capital: 33.0%
MagicDiligence Research for 'CALM':
Research Available for CALM! (full membership required - upgrade here)
Instant Diligence:
The Earnings Yield of 16.0% is Very High.
The MFI Return on Capital of 33.0% is Average.
Near-term Financial Health appears to be Excellent. The current ratio is 3.08.
Calculations:
(for quarter ended 2011-02-28)
Market Cap = Stock_Price * Shares
= 31.11 * 23.94
= 744.87
Excess Cash = Cash - MAX(0; (Current Liabilities - Current Assets + Cash))
= 213.43 - MAX(0; (124.41 - 382.89 + 213.43))
= 213.43
Enterprise Value = Market Cap + Total Debt - Excess Cash
= 744.87 + 108.90 - 213.43
= 640.34
MFI Invested Capital = Total Assets - Goodwill - Intangibles - Current Liabilities + Short Term Debt - Excess Cash
= 666.49 - 22.12 - 10.69 - 124.41 + 13.73 - 213.43
= 309.59
Earnings Yield = Operating Earnings / Enterprise Value
= 102.32 / 640.34
= 0.160 (16.0%)
MFI Return on Capital = Operating Earnings / MFI Invested Capital
= 102.32 / 309.59
= 0.330 (33.0%)