Gruma S.A.B. de C.V. (NYSE:GMK)
CAPS Rating:
The Company is a corn flour and tortilla producer and distributor.
The Company is a corn flour and tortilla producer and distributor.
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Recs
GMK one notch away from very bullish on stockta.com. Open gap yesterday. Very bullish candle pattern. breakout at $4.60?
Fundamentally - meat prices are being discounted at local supermarkets. As meat prices decline feeding margins get squeezed. Deceased feed demand would lower corn prices further. Looks like we have a bumper corn crop coming with decreased demand. This would expand milling margins for possibly record profits for Gruma going into 2010.