Butterball Your Profits

A Great Investment is Laying on Your Table

Thanksgiving is the only holiday where people are thankful by arguing over turkey with the intensity of a commodity trader, even though the real money behind the meal is hiding in the background.

I’m referring to the butterball turkey that you may have laying there after fasting all day in the hopes of those first few tasty bites. My cousin prepared this awhile ago and haven’t forgotten. This most wonderful of traditions is owned by a conglomerate that has been a classic value investment for decades. The company, Seaboard, quietly feeds half the supply chain. It is never mentioned at the table, but it touches more of your meal than anyone imagines.

What’s the potential? Value over time, nothing more. It’s boring. You read a filing, and nothing jumps out.

But if you go one layer deeper, suddenly you see it has been quietly running the global protein economy the way an old-world operator runs a neighborhood: no noise, just results. The silence is the tell.

The giants never brag.

What makes Seaboard different is that it is not one business at all. As I mentioned, a conglomerate. It is five companies under one roof: pork, commodities, milling, shipping, and power. Every vertical feeds the next. It is a rare American conglomerate that still works, the kind people used to build when they cared more about infrastructure than narratives.

(Most spin-offs were conglomerates at one time, but the stock options of management were tied to fast growth, not decades long growth. )

Wall Street cannot stand this model. Analysts need a clean story they can package into a slide deck, and Seaboard refuses to cooperate. No flashy calls, no guidance, no hype, no self-congratulation. Just a family-controlled empire doing the work while analysts complain there is nothing to model. Their frustration is the greatest compliment Seaboard could receive.

And the assets are real. Ships that move goods. Livestock that feeds nations. Commodity routes that stabilize markets. Latin American divisions that quietly print cash. This is not a dream stock or an idea stock or an AI fantasy. This is a business with physical presence and real-world impact. In a market obsessed with stories, reality is severely undervalued.

The numbers make the story even clearer. Seaboard trades below book value: below the worth of its own assets, below the machinery it already owns. It is like buying a house for less than the lumber. In a market where half the tickers trade on vibes, Seaboard trades on arithmetic. Arithmetic has no opinion. Arithmetic wins.

Then you notice the share price: four thousand dollars. People treat it like jewelry, as if high price equals luxury. Meanwhile, gold sits in the same price zone doing absolutely nothing. One sits in a vault. The other feeds continents. One is a rock. The other grows. Buffett would barely let you finish the sentence before choosing the compounding organism over the ornament. When you buy gold the dealer will charge you a premium and hand it off to you to store somewhere while Seaboard you buy below its value and you let them do all the heavy lifting.

(And, like recently, they buy back their own shares and there are even less shares outstanding. )

But the chart is the real giveaway. Seaboard has been consolidating for years. A long, slow, patient consolidation. The kind smart money creates while loud money chases fireworks. Now it is pressing against all-time highs, and you can feel the pressure being released on this breakout. Quiet companies become loud when price forces people to notice them. That moment is coming.

Thanksgiving makes the whole thing obvious. Everyone argues about turkey moisture and cranberry sauces nobody eats, while the real work happens in the kitchen. Seaboard is the kitchen. It is the backbone behind the feast, behind the system, behind the entire food chain. It does not need attention because it is too busy running the show.

On a side note, they are heavily involved in the Caribbean and Latin America so an American first policy should open doors for it.

So what happens when the quiet giant finally steps into the light? What happens when decades of compounding show up in one clean breakout? What happens when investors finally realize they should have been looking at the company feeding nations instead of whatever tech distraction appeared on their feed that day?

My guess is simple.

The people who butterball their profits now will look smart later. The rest will still be arguing about the turkey.

Tomorrow, I prepared a thoughtful essay on what it means to be thankful living in the USA.

As the market has higher volatility, for those more active should consider software that parses headlines as this is a very valuable component larger players use to create expectations.

Additionally, you get to learn about AI and how to create your own. Because at the end of day, like anything, you can do everything yourself. You are sovereign bro, but sometimes you just don’t have the time which is where I come in.

Or ask about stocks. Let buildup some investment capital together.