Is Tyson Foods Stock a Buy Now?
Tyson Foods (NYSE: TSN) share prices have been cut in half from their highs in early 2022. There are good reasons for the price decline, many of which are out of the company's control. As we approach 2024, Tyson's situation is starting to improve, and the dividend has just increased.
Is now a good time to buy this food processor and producer?
Before getting into the ugly numbers, it is important to highlight that most of Tyson's business involves selling commodity products. Beef, pork, and chicken prices all change based on supply and demand, things that are mostly out of Tyson's control. Many of its input costs, such as animal feed, are also commodities. So it isn't exactly shocking that the business goes through difficult periods. With that caveat, 2023 was a terrible year.
Source Fool.com
