Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : Swine -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (306)	9/29/1999 4:00:00 PM
From: bill meehan	Read Replies (2) \| Respond to of 1401

Good news on the swine front: 09/29 2:37P (DJ) +DJ Tyson Foods Up 9%; Analyst Cites Sale Of Pork Ops >TSN Story 4264 +DJ Pork Ops Sale Ups Tyson's Focus On Chicken Business >TSN (MORE) DOW JONES NEWS 09-29-99 02:41 PM Story 4690 DJ Tyson Stk -2: Analyst Says Investors Liked Terms Of Sale NEW YORK (Dow Jones)--Tyson Foods Inc.'s (TSN) moves to cut fat from its poultry business and sell its remaining pork operations to Smithfield Foods Inc. (SFD) was applauded by Wall Streeters, who bid shares of the chicken guru up as much 13% Wednesday, analysts said. "It's a very, very good move on Tyson's part," said Merrill Lynch & Co. analyst Leonard Teitelbaum, who raised his near-term investment opinion on Tyson to accumulate from neutral. "The company has delivered on all the promises they made." Teitelbaum said that by focusing on the chicken business, the company is well-positioned to reap benefits from the improving industry fundamentals. The pork business, on the other hand, has been nothing but a burden, with pricing pressures damping profits in recent years, he said. Tyson, which has had a short-lived but strong association with pork, with interests in distribution, sales and hog-raising, has slowly been ridding itself of that business over the last three years as part of its strategy to focus entirely on chicken, according to Teitelbaum. To that end, he said, the company also sold off operations dealing with fish and beef in recent years.