Cal-Maine Foods (CALM) Dropped, So What Is Behind The Latest Attention?

Cal-Maine Foods (CALM) is back in focus after reporting a fiscal first quarter net loss of US$58.6 million on sales of US$539.6 million, as weaker conventional egg prices hit results. The weak quarter has quickly fed into sentiment around Cal-Maine Foods, with the share price sliding about 21% over the past three months and roughly 17% year to date, while the 1-year total shareholder return is down about 27% despite still very strong 3 and 5-year total returns. This suggests recent momentum...