A diversified international agribusiness and transportation company which primarily engaged in pork production and processing and ocean transportation.
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I hate stocks that are opaque and Seaboard certainly qualifies. Few management teams take a more scornful view of their investors than this one. They provide only the most minimal information on their performance, and even their SEC filings are less detailed than most other stocks. They could be a great company or a POS, but one cannot really tell. This stock has already been taken down pretty hard in the last 6 months. I expect it to go lower as part of the broader commodities unwinding.