Ramey has a “buy” rating and a $24 price target on Tyson. He added that the company returned to profits in both September and in the December quarter so far.
“I don’t think it’s going to be monstrous profits, but I think we’re on the road back to normalized profits in their chicken segment,” Ramey said.
The chicken segment represents about a third of Tyson’s business, in addition to its beef and pork businesses.
"They have really good margins in pork and good margins in beef," he said. "In the short term, beef margins look like they might deteriorate a little in the December quarter, but I think all three business will have pretty good profitability in 2012, and that’s a good reason to own the stock."
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Tim Ramey does not have a conflict with Tyson Foods.