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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (91152)	7/3/2002 11:01:15 PM
From: augieboo	Respond to of 99280

I also mentioned the day before (when some broker had something positive to say about SFD) that I look at such upgrades with suspicions, not enough to turn around and sell on the spot, but enough to tighten up the stops. I know. That's what made the story (about chicken stuff) jump out at me when I saw it. (:

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