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Non-Tech : TSN Starting a new trend..this chicken is no turkey....

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To: Rob C. who wrote ()3/1/1999 7:43:00 PM
From: Rob C.  Read Replies (1) of 7
 
3/1/99 12:25 pm... UPGRADING TYSON FOODS (TSN 20****) TO ACCUMULATE FROM
AVOID... Encouraged by company's announcement that talks are underway to sell
seafood and swine operations... Good news as unprofitable units currently
expected to drag down FY 99 (Sep.) EPS by about $0.10-$0.16... Believe
investors will increasingly concentrate on poultry operations, which are
growing strongly... Raising our FY 99 EPS estimate from $1.20 to $1.30...
Divestiture could add another $0.05-$0.10... At only 15X our new estimate,
shares at low end of historical range. /M.Carini

-0- TSN $ (2072) 03-01-99 05:13 PM EST
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