
From Sao Paulo to the Big Apple: A Listing Delayed is a Listing Denied?
Alright folks gather 'round! Your favorite *abogado* Saul Goodman is here to break down the real *carne* of this JBS situation. So picture this: JBS the Don Corleone of the meatpacking world finally makes its grand entrance onto the New York Stock Exchange. They were supposed to debut on Thursday but some 'operational procedures' held them up. Sounds like someone forgot to pay the right… 'fees,' if you catch my drift. Better call Saul!
Market Cap Mayhem: Bigger Than Tyson? Holy Guacamole!
Friday saw JBS shares hitting the market at $13.65 a pop valuing the whole shebang at a cool $30 billion. Thirty BILLION! That's more than Tyson Foods folks! Talk about a power play. I haven't seen numbers like this since… well let's just say some of my *clients* have a knack for 'creative accounting.' Remember no matter what happens you did not see me.
Corruption Bribery and Beef: A Recipe for Success?
Now here’s where things get a little…spicy. JBS's past is messier than a chili cook off gone wrong. We’re talking bribery charges fines and enough scandal to make your head spin. Joesley and Wesley Batista the family behind the slaughter even had to cough up a few *pesos* to the SEC. But hey what's a little corruption when you're swimming in cash right? It's all good man!
Political Connections: You Gotta Know a Guy (or a President)
And just when you thought it couldn't get any juicier Pilgrim's Pride a subsidiary of JBS throws a cool $5 million at President Trump's inauguration committee. Now I'm not saying that bought them any favors but let's just say it’s good to have friends in high places. As I always tell my clients “You don't need a criminal lawyer. You need a *criminal* lawyer.”
Amazonian Angst: Beef and the Rainforest Blues
Oh and I almost forgot! They got dinged for buying cattle raised in protected Amazon land. So they're not just feeding America they're apparently clearing the rainforest too. Gotta respect the hustle I guess! Remember If you’re committed enough you can make any story work. I once convinced a jury that my client who was caught red handed was sleepwalking. True story!
The Verdict: A Bull or a Bear?
So there you have it folks. JBS the meatpacking behemoth with a past as shady as my business practices is now playing on the big stage. Will they clean up their act or is this just the beginning of another wild ride? Only time will tell. But one thing's for sure: with JBS it's never a dull moment. And remember if you ever find yourself in a *sticky* situation Better Call Saul!
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