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  • actionspread actionspread Dec 1, 2005 4:19 PM Flag

    Sponsoring Dominican trade mission

    Thank you very much, Joan. Do you think we can continue to rise here? Thank you again for your help.

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    • Actionspread,

      You may recall that back in the early part of Aug., someone commenting negatively about the pork division said: "Management currently has no immediate plans for further expansion to support the Guymon plant. Furthermore, during 2004 management decided not to construct a second processing plant. This unit is maxed out and they have no more capacity. This is as good as it will ever get."

      That wasn't true! On Feb 3, 2004, 18 months before his post, Seaboard issued a press release announcing that its Pork Division had entered into a Marketing Agreement with Triumph Foods to market ALL of the pork products produced by Triumph Foods at a new state of the art pork processing plant Triumph Foods would construct in St Joseph, Missouri."

      I don't know if you saw it, but a story posted today in SEB's news section saying that, "The Triumph Foods' pork plant in St. Joseph, Missouri, owned by a group of hog producers, is set to open in early January '06."

      By the way, institutional ownership has increased this quarter by 6.2% (21,929 shares) from the prior quarter. Even if all the shares were purchased at $1,200, it's still a $26,314,800 investment!

      Personally, I think it still has some room to rise and I think the institutions think so too. IMHO.


      • 1 Reply to westforkcreek
      • Hi Joan: I did read all of those reports and it sounds very juicy for longs! The institutions usually know what they are doing. This has been a very exciting time, I have only owned this security for about a year and it's kept me on the edge of my seat. The only other stock I've owned that can compare is NVR, the building stock, that too is volatile and expensive. Thank you for your kind help

        Good Luck! Hope you have a ton of it!!!!

2,962.72+57.72(+1.99%)3:45 PMEDT