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Smithfield Foods, Inc. Message Board

  • richmondinvestor richmondinvestor Jun 23, 2001 7:19 AM Flag

    Moyer Deal Closes

    The Moyer's deal is a good one from the standpoint that SFD is now entering the beef business which already has a good standing in the NE big city markets. With $600 Million in sales, I believe that Moyer's is profitable now and will be accretive to earnings immediately, but is looking to grow the bottom line with case ready business through SFD support. Look for some interesting comments from Joe Luter at the August shareholder meeting. Quite possibly, SFD will indicate further growth plans plus announce the share split at that time. Go SFD.

 

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