Pilgrim's Pride Corp (NASDAQ:PPC)

2.5% of the worlds population live in America and our farmers feed almost 40%. Tyson continues to snoop around and if corn falls only $1.50/bu. it should easily return 50%.

I perked up when I heard Pilgrim's Pride had missed analyist estimates written in an article published April 5th. I studied their financials and they arn't that bad, in my eyes, given the economy over the last several years. Their Current ratio is above 2 as well as many of their other financials looking very well. I watched the stock drop and decided to purchase it April 19th, and it has recovered quite nicely. I continue to like this stock and encourage you to think about your own household and ignore what the wallstreet analyst think the company should be doing. Sometimes I think the analyst still look at everything as they did prior to the recession and forget we still have many, too many, households struggling to make ends meet. Which is exactly why I like things like Consumers Goods, especially those things we have to buy for our survival.

Pilgrim's today is conservatively managed by professionals who will not make the mistakes that characterized the former owner.

Chicken is the most efficient protein available today. A growing worldwide population needs affordable protein and Pilgrim's is well positioned to supply this and do so at a consistently profitable level.

Egg sets decreasing y/y for several consecutive months, will decrease the supply of chickens and raise prices, increasing revenue. Commodity costs stabilizing a bit after the huge run-up in corn and soybeans prices over the past year, should reduce feed costs.

New management team seeking to turn company around following bankruptcy at the end of 09. They've already changed structure of customer contracts to link prices better with feed and chicken costs, to avoid wild fluctuations in margin. Main goal now is to pay off debt and fix balance sheet.

i like chicken

Have hedged corn prices for two years. Will become the lowest cost poultry producer in U.S. Brazialian company takes large position and insiders are loading up their tractor trailers with as much stock as they can afford.

Time to close the red thumb...lesson learned. Fundamentals changed, the company went bankrupt because of an acquisition at the height of the bubble and their COGS went up because of feed prices. Feed prices dropped and credit market unfroze. Then they got a huge investment. People eat lots of chicken, especially Pilgrims Pride chicken...and goldkist. I should have sold when JBS invested as now they have the capital they need to keep growing. People will continue to consume cheap meat in this economic downturn...this should be a green thumb.

Holders of pgpdq will only get a % around 36% of the corp. No one can say just what this will mean in dollars and cents.
After emergence from chapter 11, there was a 1 to 1 exchange of pgpdq to ppc, but I think there will be some devaluation to come.

Was in when this sank and choose to stay.

Bad decisions, bad economy plucked this birds feathers. With bad decision makers out of the way and an improving economy, these feathers will grow back and will fly high!

Up 2,500 percent........

EI, Danke.

top 20 stocks to sell (10/6/08 LN)

I am surprised to see tenmiles short this here given the risk/reward scenario that Flordiabuilder outlined.

Although this seems to be the most audacious of FB's calls, his is a very plausible scenario for this stock to trade at 12 by Christmas.

Here's my vote.

I like chicken.

Oversold???

Significantly hurt by high corn prices, the country's number two producer of chicken should see feed costs go down, smaller competitors retreat and seliing prices increase in a world that will continue to consume more chicken. I believe it is poised to significantly outperform from these levels over the next 12-18 months.

This company was adversly affected by flooding and the price of corn going up. These are all external events and not the companies fault. Things will be shaky for a while but the value of this companies stock will most likely go back up.

Producer of poultry in the U.S, Mexico and Puerto Rico. In the U.S., the Company produces both prepared and fresh chicken and turkey, while in Mexico and Puerto Rico, it produces exclusively fresh chicken.