Now that SFD has 9% market share in beef (with the American Foods acquisition), does anyone besides me feel that the analysts earning projections on the Yahoo board are too low for the Jan.02/April 02 periods? With trailing 12 month earnings of $2.15, it would seem that the earnings projections should be significantly higher than $1.83 listed for the current fiscal year. With that said, the stock price should be significantly higher as well.
Part of the $300M debt offering was to pare down some existing high interest debt obtained with the acquisition of Packerland. American Food is one of two acquisitions announced by Joe Luter for November. I suspect payment was mostly by stock and added debt to the bottom line. One more beef?? operation to be announced this month. Again, the good news, all acquisitions continue to be accretive to earnings.