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Pilgrim's Pride Corporation Message Board

  • gavgavmd do you have any opinion on JBS the parent company of PPC. if you do i like to hear from you. yks

    Sentiment: Strong Buy

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    • deep pocket behind JBS is a Brazil owned state bank. That makes for a huge backstop for any shock going forward. They have delivered on exports. They protected our tax carryover loss. They gave us shares at 4.50 which was basically like a gift from God. They are getting us cheaper Brazil corn. They are firing dead weight. They got rid of good old boys. Seems like a good thing. I expect a merger at some point with JBS USA/PPC which would protect the tax carryover loss going forward. PPC would be the surviving company in name only. Lovette will be in charge of chicken. PPC shareholders will get screwed a bit on the deal, but I'm still a millionaire. Pilgrims will go to 13 by May 1st. Have a good day.

 
PPC
23.62+0.12(+0.51%)Apr 24 4:00 PMEDT