Published On: October 9th, 2024Categories: Trade Ideas
In this investment case, we focus our attention on the Brazilian protein producer JBS. JBS is the world’s largest protein producer, with operations in more than 20 different countries and sales in more than 190 different nations. JBS operations recovered strongly during the 1H24 and this has led to a substantial recovery in margin and cash flow generation, and a meaningful reduction in leverage metrics. We have a positive view on JBS and like its bonds.
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