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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Ken W who wrote (1289)	2/11/2003 6:06:03 PM
From: Sergio H	Read Replies (4) of 23958

MDCO and FDP beat earnings estimates. MDCO after the bell, $0.01 better than consensus and revenues rose 110.3% year/year. FDP $0.21 better than consensus of $0.34; revenues rose 15.5% year/year. Smart Money on FDP: What do you get when you cross bananas and pineapples with tomatoes? We're not sure, but according to US Bancorp it will be accretive to Fresh Del Monte Produce's (FDP) earnings. In December, fruit powerhouse Del Monte bought Standard Fruit and Vegetable, chiefly a tomato, potato and onion concern, for $100 million. Eric Larson, food analyst at US Bancorp's Piper Jaffray, believes the deal will add $80 million in annual sales through Del Monte's established distribution channel. (Larson owns shares of Fresh Del Monte; Piper Jaffray has an investment-banking relationship with the company.) Note that the company's price-to-book value of 1.6 is the lowest of our three food companies ALU no BABALU yet. Anyone read up on the first fire and that payoff?

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