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ConAgra Foods, Inc. Message Board

  • pmcmurrell pmcmurrell Apr 4, 2002 11:06 PM Flag

    SOLD 200 shares

    I like it, but I don't like the volume. I don't think it is about to be taken over, but who knows.

    I don't like the complaining workers who want pay increases. I think they diserve the pay increases, and I think they are mostly poor blacks working hard to cut up turkeys and chickens. I think it is going to cost, and a strike is not out of the question.

    We are at a new high for the past six months, and the chart looks like an intermediate peak with probable correct down a few points. I weighed the matter and decided to sell - because I think I will get another chance at
    $24 CAG.

    Love you CAG people, and I don't think you will be hurt by HOLDING LONG TERM. Hope to buy back at lower prices.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The turkey and chicken guys don't complain. Most of them are so transient that they only collect a couple of paychecks before moving on. It's the IT people I'm worried about. IT is such an integral part of the corporate culture, it's more than a little disturbing that so many of them post here saying that the company as a whole is good, but a few individuals are mismanaging it to their own advantage and are apparently allowed by the board to do so. If you read the posts carefully, you'll see that these people are not hourly employees, but most likely skilled professionals who are afraid to speak out anywhere else.

      For the record, I still think cag is a good long term buy and will continue to buy it. I just don't think they'll ever get to where they could be with the current management in place, especially in IT.


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