Investors should ‘scramble’ for Cal-Maine Foods shares, Barron’s says

Cal-Maine Foods (CALM) is producing record profits, and its shares are poised to appreciate by almost 20%, Barron’s Todd Chanko writes in the publication’s Stock Picks column. The company has posted record performance across all metrics during the quarter as its net sales were up 17.4% year over year and operating cash flow more than doubled during the same period, all in spite of a time of volatile egg prices, continued vulnerability of flocks to the highly pathogenic avian influenza, and a weary consumer, the report states. Vertical integration is also the company’s distinguishing mark as it doesn’t sell directly to consumers but rather, it distributes to national and regional grocery chains, club stores, and food-service companies.