Industrios Bachoco, S.A.B. de C.V. (ADR) (IBA)

At $23/sh, the stock is trading slightly below net tangible assets, growing revenue at a double digit rate, is profitable, has a very strong balance sheet with over $2/sh in net cash, and trades at an enterprise value to revenue ratio of 0.65. Management in this company tends to be very conservative.

I believe the combination of the ignorance of the masses, and over dramatic media coverage of H1N1, will be enough to drive this good stock downward

3% dividend, $5.00/share cash, almost no debt. chicken and eggs are a cheap protein source. Mexican. earnings have quarterly fluctuations but steady growth YOY. reup with a greater than 5% gain to help accuracy and get back in at a slightly lower start price

This is my second Pig & Poultry pick, I also like Sadia SDA to outperform the market, especially at it's current discount. The fact that not a single All-Star member has picked this to under is also very encouraging. This boy is gonna bounce back and I'll hop on and ride it into the high 20s!

10000

The only well-run company in the industry, as far as I can tell. Pilgrim's Pride looks like they will be forced into Chapter 11, ending the "whose is bigger" match between PPC and TSN. On the other end, TSN will be the "victor" but will be saddled with massive debt that will crush their margins. IBA has almost no debt and when the dust clears they will be king.

This should be trading in the mid 30's *today* yet is trading right around tangible book. Outperforming the industry in ALL major valuation ratios. Maybe I am not creative, but I can't imagine this company underperforming.

Value play.

Currently it is trading at 1.02 of the tangible book value.

Consistently outperforming the industry by a significant margin in the following categories:

Dividend yield, EPS growth ttm, sales, current ratio, all profitability margins, ROI, ROA.

I value at $3.4 B

from the company website http://www.bachoco.com.mx/?p=75

Industrias Bachoco was founded by the Robinson Bours family in 1952 in the Mexican State of Sonora. It has grown to become the largest poultry company in Mexico. The company’s headquarters are located in the city of Celaya, in the state of Guanajuato. Our main products lines are: chicken, eggs, balance feed and swine. Industrias Bachoco is a vertically integrated company, with a national distribution network as well as processing plants that operate in conjunction with other 700 facilities located in nine complexes located throughout Mexico. Industrias Bachoco completed its initial public offering in September 1997. Its securities are listed on the Mexican Stock Exchange and trades under the ticker symbol “Bachoco B” and on the New York Stock Exchange under the ticker symbol “IBA”. The Company posted net sales of $1.4 billion dollar for fiscal year 2006 divided among the Company’s four main product lines as follows: 77.6% chicken, 9.2% table eggs, 9.0% balance feed, and 4.2% swine and other

Chicken is cheaper compared to other meats

As people become more affluent they eat more meat but their desire would be tempered by high costs,chicken would make a nice compromise solution.

awesome....poultry and swine..yum

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.

Got hit by a brokerage downgrade. Up too much too fast?
This company benefits from the demand for meat products in Mexico, low labor costs with immigration inspection pressure on U.S. producers and their entry into the U.S. market. China may also be an importer (Chicken feet.)
Thinly traded but should work well in a steady buy program long term.

Dominant chicken, egg, pork & feed producer in Mexico. Expanding to northern Mexico. High insider ownership and trading slightly above book value. The dividend is over 2% and profits are reeturning after the bird flu scare.

still has a lot of room for growth and a nice dividend

Although this is a holding company it has shown a steady upward movement, some pretty good numbers if bought yrs ago.

5 Star/Small cap/Pays dividend

It is a family run chicken and egg business. They have add new facilities which increasing product available and lowered costs. it is a growth stock which pays a dividend.

It beats the world's largest chicken processor Tyson Foods (TSN) by a mile and has a wonderful cash position, solid profits and an excellent 1, 2 and 5 year chart...consistently beating all its competitors and the S&P...

low p/b, high current ratio, high div yield, positive 5 yr div growth