Tyson Foods Is on the Path to Recovery
Despite a tumultuous 2020 for Tyson Foods (NYSE: TSN), it managed to deliver earnings growth by playing a crucial role in securing US food supply. However, these efforts were overshadowed by the horrific behavior of key managers at the company's largest meat processing facility, which resulted in the deaths of at least six employees. With justice slowly but surely in progress, the company aims to reshape its culture and move forward. Understandably, some investors may avoid this stock for the company's alleged misdeeds, but its earnings and deflated multiple make for a solid portfolio candidate.
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Despite serious operational difficulties in 2020, including facility closures, Tyson's earnings never actually dipped into loss territory. For the calendar year, it delivered $5.92 per share, up 6.9% from 2019.
Source Fool.com
