No written words necessary. The charts on the
companies (WLRF, CGLA, TSN, SEB, SAFM, CHX, CAG
clearly shows that you have made too
many miscalutions on
the near term prospect of
this industry. Don't fight
the tape. Don't fight
business...after a day like today...i figure
rocket science is more your speed...
opinion, the sec should investigate chx, from 30 to 18
since june 30th....i can smell a rat...
and 1.76 for 9 months, looking at about 2.25...give
me a break...
remember this is just the
opinion of an online lunatic...
The Class B stock is the old stock and has
super-voting rights of 20 to 1. All shareholders, including
the Pilgrim family, were issued new Class A shares
equalling 50% of their Class B ownership, therefore the
ratio of internal ownership remains exactly the same.
Class A stock (one vote per share) is planned for use
in acqisitions and capital stock offerings, when
Someone needs to gripe to Yahoo and Rueters because they
are not adjusting properly for the additional number
of shares issued. All the other wire services,
including Dow Jones, are handling it properly, but the
history data on Yahoo still reflects the old values. For
example, the historical high for CHX is showing to be $30
and now it should read $20. Seems very simple to me.
They don't want to change it.
Thanks for monitoring this message board, Cliff.
If I understand the press release, the newly issued
class A shares have more voting power than the old
class B shares. The class A shares previously were held
mainly by insiders (i.e. Bo Pilgrim) to keep control.
Does this mean that the insider holdings are down and
this is a more "public" company now? I think this
would be viewed by many as a positive since a majority
shareholder can act arbitrarily and not in the best interest
of the minority holders. The press release talked
about using the class B shares for acquisitions. This
seems like a great idea. Maybe people would notice CHX
then. It must be cheaper to buy a going venture than
build one. How about Cagles, WLR, or Sanderson? They
are all pretty cheap. Let's give Tyson someone to
An easy way to calculate adjusted price is to
take price of CHX add 50% of CHXa price and this will
give an adjusted price. An example would be 14 for CHX
and 14 for CHXa: 14 + 7= 21. 21 would be the adjusted
price.You might refer to msg 397 for possible answer for
purpose of classified stock. This is just my opinion and
food for thought only.
Can you please explain the purpose of having
these different classes of stock and also if the
exchanges will be updating the option symbols for chx. This
is very confusing since I hold both stock and
The old shares of CHX are and will continue to be
Class B stock. Effective today, August 2, a new class
of stock, Class A, has begun trading. For every two
shares of Class B, there has been issued one share of
Class A, effectively a one for two split. Yahoo has not
picked up on the increased number of shares, so that's
why they are showing CHX down about one third. It is
not down one third but only down slightly. The Class
A is trading on the NYSE and the symbol is
"CHXa".It's been trading around $15. Thanks for the interest.