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Pilgrim's Pride Corp. (CHX) Message Board

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  • stugots2000 stugots2000 Jun 8, 1998 12:30 AM Flag

    long john silver chapter 11?

    A Chapt 11 filing does not necessarly mean a
    loss. Reorganization is a way to hopefully pay
    everyone.. usually over a little longer time period. Because
    the company needs chicken to continue its business,
    Chx becomes a creditor on its debt, but can demand
    cash on delivery for future sales. The repayment for
    debt will come in the future with a reorganization
    plan. Not the greatest news but not yet a disaster. If
    Long John wants to stay in business he will have to
    pay up his debt. This can take years.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • For the past decade the only way to make money
      with chicken stocks was to buy when overproduction
      caused losses and sell when cheap grains yielded record
      profits. I've traded and made money consistently this way.
      Tyson is the only company that has eliminated this
      cycle and they overdiversified and then had writeoffs.
      CHX is enjoying the triple benefits of industry
      restraint(so far), a Mexican rebound, and cheap grains. They
      appear to be on the right track. Both Cagle's and
      Sanderson Farms will post record profits and stock prices
      too. This isn't rocket science-it's the chicken
      business.

      • 2 Replies to japsquit
      • I got my own idea---buy and hold..This means I dont sell this one. Why?--The return is better than bonds..The PE is a bargain, ..other stocks offer better liquidity to traders..I like CHX..

      • GREAT WISDOM!!!!!!!!!!!!!JACKSQUAT my old buddy
        has returned..I knew you would be back...New id...and
        your hair has grown back...
        welcome back ol
        buddy!!!!This board just wasn't the same without
        you....

        "For the past decade the only way to make money with
        chicken stocks was to buy when overproduction
        caused
        losses and sell when cheap grains yielded record
        profits. I've traded and made money consistently
        this
        way. Tyson is the only company that has eliminated
        this cycle and they overdiversified and then had

        writeoffs. CHX is enjoying the triple benefits of industry
        restraint(so far), a Mexican rebound, and cheap
        grains.
        They appear to be on the right track. Both Cagle's and
        Sanderson Farms will post record profits and
        stock
        prices too. This isn't rocket science-it's the chicken
        business."

 

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