TSN appears to be starting another up leg due to several positive reports that are circulating. Here is the meat of these positive reports.

  • Buy it because it is going up even when the market goes down.
  • Buy it because it is breaking out of technical resistance.
  • Market is very uncertain, the safe place is to be in food stocks.
  • Market is going to crash like it did in 2008, in 2008 TSN held up.

All of the foregoing ignores the very basic fact that TSN is very expensive compared to its own historical norms.