Industrios Bachoco, S.A.B. de C.V. (ADR) (NYSE:IBA)
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The Company is engaged in breeding, processing and marketing of poultry, swine and other products.
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The Company is engaged in breeding, processing and marketing of poultry, swine and other products.
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Industrias Bachoco is a deep value poultry and swine processor in Mexico who stands to benefit from a rising Mexican middle class looking to enrich their diets with more meats. The company sports a market cap that's a mere hair above it's tangible book value, a P/E of 15, years of incremental growth, a 3% dividend, and a price at historically low price to value ratios.