Unconfirmed Rumor that Smithfield Foods Inc. (SFD) will be taken private at $27.00
Released : Monday, October 18, 2010 9:54 AM
Unconfirmed Rumor that Smithfield Foods Inc. (SFD) will be taken private at $27.00..(SFD)could not be reached for comment...
want some real laughs. Gotta go back either 2 or 3 years on the sfd posts if you want to see why myself & t riv are just blown away with the smitty fanatics who just can't let go of their pipe dreams. Whether it was the big t bird, sfd king or bobby to name a few, they were out buying motorcycles and chomping at the bit because in their deluded minds, sfd was going to go to 60 when it was only in the 40's. See where it is now? wanna buy some stabilty and make money if it is food you are in to you, check out hrl's performance during the same time period (up 19% this year) and you'll get the idea that you can't make money on just selling fresh pork and some procerssed commodities like bacon and hams. Like hrl, kraft is also a company that innovates and makes money on valu added products whether is a new addition to the oreo line or in hrl's case, a new pepperoni snack.
sorry about the caps! too late to convert before i realized i accidentally hit the caps lock key!
jet, i'm trying to catch a ride to twenty. i got it at around seventeen. it is a hard ride though. i really think the day traders are having a ball here. i'm new so that may explain my short sighted view. maybe i should start trading once a week to catch the ups and downs you refer too. good luck
Hey Duck Man?
Before you lose all your feathers over this loser, could you and all your fellow posters who like to use market talk words/terms like "day trader" etc., in buying & selling this stock, answer one question for me and T Riv? How can you MAKE money when this stock is as stagnant as a water puddle with no consistency of risng above previous closes? It goes up one day one amount and down a similar amount or less the next day. It's daily market close graphs look like the Himalayas with NO consistent direction up to the top. It once was around 40 some years ago when this board was tooting 60's and it has been in the mid teens for umpteen months. How do you make money on a company that can't make money themselves and shovel alot of whatever profits it scrapes up towards long term debt service on over 3.7 billion dollars of long term debt the last time I looked?
Don't get this love affairwith Smitty. Hell, the new soon to be GM IPO has more potential than Smitty.
i read the june 18 report. it seems to me the biggest reason for the poor business at that time was the overproduction of hogs. it looks to me that the hegding they've done with corn has brought their grain prices to a more stable range. good luck