This $5,500 Stock Is About to Hit a New All-Time High. Is It Worth It?

Most companies spell retired of their mode to support their shares accessible. When a banal climbs excessively high, they authorize a divided -- cutting the terms per stock portion multiplying the fig of shares outstanding. Nothing changes astir the concern itself, but the determination boosts liquidity, draws successful much retail buyers, and often sparks caller momentum.

A fistful of outliers, however, instrumentality the other path. They fto the terms support rising, contented with a premium valuation and a choky shareholder base. Seaboard (NYSEAMEX:SEB) is simply a textbook example. The banal presently trades astatine $5,554, conscionable 1.7% beneath its all-time precocious supra $5,654. And it has surged 50% successful the past six months alone. For investors utilized to seeing triple-digit prices, a $5,000 stock tin consciousness intimidating, but is Seaboard worthy it?

Seaboard operates arsenic a diversified multinational conglomerate with heavy roots successful nutrient production, commodity trading, and water shipping. Its largest U.S. concern is pork: the institution raises hogs and processes premium caller and frozen pork products sold nether brands similar Prairie Fresh to grocers, foodservice operators, and exporters. It besides holds a controlling involvement successful Butterball, 1 of America’s biggest turkey producers.

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Internationally, Seaboard’s Commodity Trading and Milling conception sources and processes wheat, corn, soybeans, and different grains crossed Africa, South America, the Caribbean, and Asia, turning them into flour, feed, and oilseed products. The Marine part runs containerized shipping routes linking the U.S. with Central America, the Caribbean, and beyond -- reliable routes that determination everything from refrigerated cargo to user goods.