Tyson Foods was founded in 1935 and is located in Springdale AR. The company has a market cap of $22.2 billion and employs more than 140,000 employees. In the United States, the company is the largest processor of meat and poultry products.
Tyson has faced a number of issues over the past few months. These include supply chain issues, coronavirus cases in their processing plants, and a recent downgrade to their credit rating. These issues have impacted their share price.
Fundamentally Tyson is an extremely strong company. They have maintained a strong balance sheet and they are well postponed for continued growth. As COVID-19 begins to fade away Tyson will continue to grow sales and cash flow.
This is a long term hold as there is still uncertainty with respect to COVID-19 in the USA. When the outlook becomes positive Tyson will begin to see a rebound in share price. Tyson is a great company to hold in your portfolio.