Cal-Maine Foods Inc (CALM) Left With Egg on Its Face

Cal-Maine Foods Inc (NASDAQ:CALM)’s stock went from less than $2 a share in the early part of the last decade to more than $20 a stub by the end of 2003 before giving investors a big goose egg when its stock fell back to around the $6 level.

Yet unlike Humpty Dumpty, the egg producer was able to put itself back together again, supposedly through the higher prices engendered by the alleged price-fixing scheme, and today Cal-Maine Foods Inc (NASDAQ:CALM) rules the roost and trades north of $50 a share.

Such blatant attempts to control the market might be rarer than hen’s teeth, but the settlement, which at $28 million isn’t chicken feed, serves as a reminder to investors not to put all their eggs in one basket.

The article Cal-Maine Left With Egg on Its Face originally appeared on Fool.com is written by Rich Duprey.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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