Companies / JBS
NYSEJBS N.V. (JBS) in our theses
JBS N.V. appears in one of our theses. Below is why it entered the basket and how it has done since publication.
America Is Running Short of Cattle: The Smallest Herd Since 1951 Is Tilting Global Beef Trade Toward the South
The US cattle deficit is locked in for years by the biology of the herd cycle, and record imports are shifting margin to beef exporters in Brazil and Australia.
Why this company: A global platform: the Brazilian and Australian plants earn on exports to the US, while poultry and pork (Seara, Pilgrim's) capture demand from consumers fleeing expensive beef, cushioning the losses in US packing.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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