Smithfield Foods, Inc. (SFD) Cotización

yes chinese owned

China....Pork

07:50PM Old Virginia town famed for ham uneasy about Chinese bid

items for concern.

china wants smithfields badly and offered over 4 bil.

sfd has 460 farms. not sure how many stores.

these are all u.s.a. properties.
world war 2 pact said no foreign country should own u.s.a.

this could hurt u.s.a. for food to americans.

there is only so much food to go round.

i hope sfd gets another offer.

or hope gov't will not let china buyout sfd.

we must recognize china is communist china.

russia is communist russia.

Chinese pork, on the way boys.

Jefferies reiterated its Buy on Smithfield Foods (NYSE: SFD). At the same time, Jefferies lowered its price target on the company's stock from $26 to $24. In a research report published today, Jefferies stressed that Smithfield's traders are currently undervalued, in spite of the company's problems.

In the report, Jefferies states, "SFD shares have dropped 20% over the last 6 weeks as industry pork processing margins saw unprecedented contraction - the result of a 15% jump in live hog & 3% drop in pork prices. While we acknowledge that the FY12 Street estimate needs to come down, SFD's current valuation (5X EBITDA) implies FY12 margins will be cut almost in half - unlikely in our view."

Soucre: http://www.benzinga.com/analyst-ratings/analyst-color/11/06/1161370/jefferies-reiterates-buy-on-smithfield-foods-reduces-pt-#ixzz1PATKoHGp

J.P. Morgan Chase & Co. is lowering its price target on shares of Smithfield Foods, Inc. (NYSE: SFD) to $20 from $23, and it has a Neutral rating on shares.

In a note to investors, J.P. Morgan writes, "We are lowering our FY12 EPS estimate for Smithfield to $1.97 from $2.77 and now have the lowest estimate on the Street, per Bloomberg. We also are reducing our Dec-11 target price to $20 from $23. Since we last wrote on Smithfield, three critical fundamental areas have worsened: 1) corn prices have risen, 2) hog prices have fallen, and 3) fresh pork margins have come off of their highs. If the weather in the Midwest stays wet and unfavorable for corn plantings/yields, we may have to lower our numbers further (and vice-versa).


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/05/1107462/update-j-p-morgan-lowering-price-target-on-smithfield-fo#ixzz1NHVz6gnF

In a report published by J.P. Morgan, Smithfield Foods (NYSE: SFD) reported a pro forma $0.84 3Q11 (Jan.) this morning, a healthy beat versus the Street's $0.69.

J.P. Morgan said that it had estimated $0.74. “The beat was clean, in our view, as neither interest expense ($60MM) nor the tax rate (32%) was out of line with consensus expectations. We expect a strong day for the SFD shares and will know more after the 9am ET conference call with management. 800-230-1096.


Source:
http://www.benzinga.com/analyst-ratings/analyst-color/11/03/917358/j-p-morgan-comments-on-smithfield-foods-healthy-beat#ixzz1GDIo1pfo

Consensus Estimate: $0.66

Release Date: 3/10/2011
Before Open
Expected Time 2: 7:00 AM ET
Conference Call: 9:00 AM ET

Pork Catches the Flu
By Julian Murdoch

Forget about reality, perception is killing the pork contracts. The international overreaction has caused a similar outbreak in commodities prices and companies, but is it all just short term panic?

From Hard Assets Investor (excerpt):

"As you'd expect, the actual stocks of the companies making a living with pigs took a big hit as well:

Tyson (NYSE: TSN), Hormel (NYSE: HRL) and Smithfield (NYSE: SFD) all took a beating on Monday - with Smithfield suffering around a 12% drop in stock price. Smithfield has a major pig farm and processing operation in Mexico, and though it claims, loudly, that it is not the source of the flu, it hasn't been able to recover as well as Hormel, which is back even.

Beyond the immediate, gut reaction in pork-related stocks and commodities, people began speculating about other future ramifications."

The full article's up at http://www.hardassetsinvestor.com/features-and-interviews/1/1545-pork-catches-the-flu.html

Swine flu outbreak linked to industrial pig unit
28/04/2009 11:10:00
FWi
Mexican authorities are investigating claims that the outbreak of swine flu originated from an industrial pig unit.

Health officials said the first known case of the disease was found two weeks before the first death, in a village where residents have been protesting over pollution from a pig farm part-owned by American pork processor Smithfield Foods.

The country's environment ministers said inspectors had found no sign of swine flu in pigs around the farm in the town of La Gloria, Veracruz State, and that no infected pigs had been found in Mexico.

A spokeswoman for Smithfield, the world's largest producer and processor of pork products, said no clinical signs or symptoms of swine flu had been found in its herds or employees.

The processor was working with officials who were investigating possible sources of the outbreak, she added.

However, the local press has reported complaints from residents who claim they have been made ill by water and air contaminated by "manure lagoons" on the farm, which raises about 1m pigs a year.

La Gloria was sealed off in February and sprayed with chemicals after residents developed respiratory problems, which they blamed on swarms of flies which were attracted to manure from the farm.However Mexico's National Organisation of Pig Production and Producers denied the industry is to blame for the outbreak and said it was scientifically "not possible" for pigs to infect people with the disease.

About 150 people have now died from the disease in Mexico, while cases have now been confirmed in the UK and Spain.

The World Health Organisation has raised its alert level to four, two stages short of a full pandemic.

Suh-weet! Nice day today! Up 1.74

Nice few days for SFD. Food stocks appear hot this week.

- Current report filing (8-K)
Date : 10/24/2008 @ 4:06PM
Source : Edgar (US Regulatory)
Stock : (SFD)
Quote : 12.35 -1.23 (-9.06%) @ 4:47PM

$13.65