We are maintaining our neutral opinion on PPC (No. 2 U.S. poultry producer Pilgrim's Pride Inc.) following the company's comments this morning that it no longer expects to meet its previously announced earnings expectations for either F2006 (ends Sept) or the F2Q. We are reducing our F2006 estimate to 1.20 from 2.20 and are also now estimating a fiscal 2Q loss of 0.30 per share, down from earnings of 0.30 per share.
More Quotes from Leonard Teitelbaum:
We had thought that much lower corn prices and the opening of the border to Japan would aid poultry and beef, respectively. It would appear this is aggressive.Leonard Teitelbaum
It would appear that the board has concluded it would be easier to teach an energy executive the agricultural side of the business, than an agricultural executive the energy side.
Leonard Teitelbaum
I don't think that was a play to the crowd. I think he absolutely meant it.
Leonard Teitelbaum
Despite its birth as a basic agricultural company, ADM has sent a message that its future lies in products surrounding energy, based on agricultural technology.
Leonard Teitelbaum
History indicates that less than 10 percent of the meat recalled over a time period such as this is actually returned,
Leonard Teitelbaum
Readers Who Like This Quotation Also Like:
Based on Keywords: estimatingHow can you stop writing?
Tony Hillerman
Nothing else in the world... not all the armies... is so powerful as an idea whose time has come.
Victor Hugo
Great men or men of great gifts you shall easily find, but symmetrical men never.
Ralph Waldo Emerson