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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (91152)	7/4/2002 1:36:53 AM
From: augieboo	of 99280

Zeev, just an FYI on SFD---> DJ Smithfield/Estimate -2: Pork Facing More Competition >SFD DES MOINES, Iowa (Dow Jones)--Credit Suisse First Boston lowered earnings estimates for Smithfield Foods Inc. (SFD) Wednesday because of intensifying competition for pork. Analyst David C. Nelson reduced his estimate for the current fiscal first quarter to 15 cents a diluted share from 20 cents and for the second quarter to 35 cents from 50 cents. His full-year forecast fell to $1.50 from $1.70. The Thomson First Call survey of analysts shows a consensus for the first quarter of 25 cents, 42 cents for the second and $1.66 for the full year. Nelson said an excess chicken supply continues, while dry weather pushes cattle to market, adding to pricing pressures on pork, of which Smithfield is a major producer. By Richard Gibson, Dow Jones Newswires; 515-282-6830; dick.gibson@dowjones.com (END) DOW JONES NEWS 07-03-02 08:25 AM

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