Minerva S.A. (OTCPK:MRVSY) is a beef company similar to Marfrig Global Foods S.A. (OTCPK:MRRTY), except that its operations are only in South America whereas Marfrig has operations in North and South America. It has long been a dream of mine that BRF S.A. (BRFS) and Minerva would merge, but until today, I have seen no signs that this will ever occur. From a consumer perspective (in Brazil), my most preferred brands in order of preference are Swift Black (JBS), Bassi (OTCPK:MRRTY), and Maturatta (also JBS). Estancia 92 (OTCPK:MRVSY) is a good premium brand, but it is impossible to find where I live, which is why it didn’t make it on the list.
My readers and SA members that follow Marfrig know that I am bearish on the company because I believe the beef-only business model will not work unless the company has a way of adding value to its products