Effect of Bird Flu Scare on MFII have owned MFI in the past and I am sure I will own them again in the future. I like the management and was looking forward to a $ 20 stock target.
While the current price of $ 12.83 seems low, where might the price go once the bird flu reaches North America? Maple Leaf produces mainly poultry and pork based products. We have seen in the past that people avoided ALL beef when Mad Cow Disease was detected in one Canadian cow. Could there be a similar reaction to the Bird Flu?
Any comments?