SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : RICA - Costa Rica International, a hot new stock

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: lloyd bashaw who wrote (61)1/1/1997 1:29:00 PM
From: Charles A. King   of 103
 
I talked on the phone with Ken Oliver, who is the investor I met at the stock holders' meeting. He was giving me numbers for Tyson Foods whose stock is doing very well right now and asking why our RICA doesn't trade that well and answering his own question that people don't know about it yet.

Here are some of his numbers for you to think about and check on yourself. I guess these are out of Barrons which I don't get and am too lazy to go out and look up. Anyway, his basic point he was making to me was that the price of corn is coming down. Pipasa feeds corn to their poultry. Sal D'Acunto said American chickens are fed fish meal, but I assume that is a supplement which varies according to prices. Anyway, Ken says the price of corn has been dropping and the price of Tyson stock has been rising because of it. About 13 months ago, corn was $4 a bushel and was $3.94 within the past 12 months. Corn futures range now from $2.70 to $2.58 a bushel. I have to start monitoring and passing them on to you.

Ken said Tyson closed at 34 1/8, +1 3/8 as corn dropped -6.25 cents a bushel.

Tyson earned 60 cents a share this fiscal year and $1.51 the previous FY. Because of the dropping price of corn, TYSNA is going back up.

See our point? Because of the dropping price of corn, Pipasa/RICA should continue to report improving earnings in the coming year.

Since the first official news release hit peoples' screens, the RICA price has gone up and remained rock solid in spite of trading just 500 shares last Friday and trading all sells (except for 2,000 shares) yesterday. Obviously, somebody has decided to take all shares at his price. This wasn't happening prior to the news release.

Some Tyson info can be found at

tradepbs.com

Ken has also dropped into the snail mail something interesting for me to read. I'll report on it when I get it.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext