Quote from axeman:
OOOOhhh I see.... thats why you refered to it as 35.35
in your recent post 
Whats wrong? Arent you aware that in the financial
world all references to historical prices are revised to
the split-adjusted basis? LMAO
Thank you for allowing me to educate you.
peace
axeman
MrMonkey said: "I bought SAFM at 38.35 on Feb 17, and it's now trading at 35.35. That's down about 7%. Get a clue...."
Heres his actual quote on 2-17: I don't know if it split or not
Today I bought SAFM (Sanderson Farms) at 57.34. I will sell it in 4 to
6 weeks at 66.25. Hereâs why I like SAFM:
SAFM stock is up over 212% in the last 52 weeks yet its P/E is less
than 14. It has been bounding to new highs like a steady staircase, with
an r^2 correlation of 0.91.
I like to eat healthy, tins of tuna, chicken from a chain store,
eggamuffin.....yea When I am trying to get lean I eat Nitro Tech chicken,
tuna, and more chicken. Sanderson knows chicken. His name even sounds
like the godfather of chicken (Col Sanders). The company dressed 1.4
billion pounds of chicken. Thatâs a lot of those little cluckers to put in
pants and shirts but it seems to be working for Sanderson. Check out the
$$$Mr. Market$$$-like chart, not to mention earnings are coming up and
the recent downward trend to scoop SAFM cheap because the birds had
colds.(avian flu). Avian Flu?? Donât make me laugh, I put Avian Flu in my
coffee in the morning. Nothing a little Tabasco canât take care of.
Pass the hot sauce.. they also serves good gumbo and shrimp creole!
Today, Sanderson Farms is a Company with products shipped to nearly
every state in the country and to many foreign nations. The Company is
engaged in the production, processing, marketing and distribution of fresh
and frozen chicken and other prepared food items. Sanderson topped $870
million in sales in fiscal 2003, setting a new record for the Company.
From the beginning, Sanderson Farms has been an honest, down-to-earth
leader in the chicken business â one that emphasized family values long
before it was a hot trend to do so. The company actually began in 1947
as a farm supply business, which sold seed, feed, fertilizer, and other
farm supplies. In 1951, D.R. Sanderson, Sr., D.R. Sanderson, Jr., and
Joe Frank Sanderson organized a partnership under the name of "Sanderson
Brothers." During the next few years, poultry production was added to
the business. Then, in 1955, Sanderson Farms was incorporated, and the
company, which started as a feed and seed store, began the rise to
becoming the top-quality chicken producer we are today.
Sanderson Farms, ranked among the top seven poultry producers in the
country, currently employs over 8,500 people and contracts with over 600
independent growers. As a result, Sanderson Farms has grown steadily
and quickly, becoming one of the largest poultry companies in the
industry. The company sells ice pack, chill pack and frozen chicken, in
whole, cut-up and boneless form, principally under the Sanderson Farms
brand name, to retailers (including national and regional supermarket
chains and local supermarkets), distributors and fast food operators
primarily in the southeastern, southwestern and western U.S.
Whatâs really great about SAFM? Louise Mandrell has endorsed Sanderson
Farms chicken for over 20 years and look how good she looks? If she
was endorsing some meat packing plant, sheâd look like Mama Cass.
Processed chicken is first salable as an ice packed whole chicken. The
company adds value to its ice packed whole chickens by removing the
giblets, weighing, packaging and labeling the product to specific customer
requirements, and cutting the product based on customer specifications.
The additional processing steps of giblet removal, close tolerance
weighing and cutting increase the value of the product to the customer over
whole chickens by reducing customer handling and cutting labor and
capital costs, reducing shrinkage related to cutting, and ensuring
consistently sized portions.
The beauty of this investment is that the trend is your friend.
Yes..the Atkins rage has taken over this country. We all should be cutting
back on the carbs, ask any breadman at your neighborhood gym.
However, eating bacon and hamburger ainât the way to do it. $$$MR. MARKET$$$,
with his million dollar physique, knows that chicken and tuna are the
way to go. Lots of people will soon know that too.
Fish prices are rising and have been rising for over a decade, and it
wonât be long for chicken prices to follow as fish gets to be too
expensive as a source of healthy protein. According to Sanderson, market
prices for all poultry products were higher during the fourth quarter than
in the prior-year period. As measured by a simple average of the
Georgia dock price for whole chickens, prices increased approximately 7.8% in
the Company's fourth fiscal quarter compared with the same period in
2002. Boneless breast meat prices during the quarter were approximately
26.5% higher than the prior-year period and were up 17.2% for the year.
Bulk leg quarter prices increased approximately 67.4% during the
quarter and were up 12.8% for the year. Wing prices averaged 71.2 cents per
pound, up 47.9% from the average of 48.1 cents per pound during the
fourth quarter of fiscal 2002. You sees??
