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Smithfield Foods, Inc. Message Board

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  • richmondinvestor richmondinvestor Jun 4, 2003 10:33 AM Flag

    p/e is 8 to 12 at current earnings

    Just looked at the insiders you mentioned. Most are from the Murphy family who have been selling their shares since the acquisition occurred. Joe Luter sold some in April. Guess he needed some cash and he has the shares to sell if he needs it. Don't put too much into insiders sales. Things are looking up, not down as you suggest.