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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (3007)	3/28/2012 1:15:33 PM
From: richardred	Respond to of 7242

LNCE The company doesn't seem to be trading on any fundamentals now. If nothing happens. I still have my morning snack with my coffee. Flavored with Nestles or Dean foods vanilla cream.

To: richardred who wrote (3007)	4/20/2012 12:04:03 AM
From: richardred	Read Replies (1) \| Respond to of 7242

Should still leave CAG room for additions from their failed Ralcorp buget. ConAgra to Acquire Sandwich Maker ConAgra Foods Inc. (NYSE:CAG - News) has been significantly expanding its business portfolio over time, focusing on branded and value-added opportunities. Acquisition of a number of private labels paved way for such expansion; the latest on its list is the nation’s second largest frozen breakfast sandwich producer, Odom's Tennessee Pride. Earlier this week, ConAgra announced its plan to acquire Odom's Tennessee Pride. The later registers annual revenue of over $190 million, working with a team of around 750 employees. The company will be acquiring Odom’s facilities in Little Rock, AR and Dickson, TN along with its headquarters in Madison, TN. In spite of macro-economic threats, ConAgra has been significantly expanding its business – a successful reflection of which was the company’s recent third-quarter results. Further ahead, management hopes to see growth opportunities with recent signs of modest job recovery and recession in gasoline prices. The recent acquisition is expected to support and carry forward such growth plans. ConAgra’s CEO Gary Rodkin, was quite optimistic on the acquisition, as he hopes that this stride will allow the company to strengthen its portfolio across growing breakfast category. The financial terms of the acquisition have not yet been disclosed. The acquisition, backed by the optimism of product line expansion and diversification, is envisaged to offer stiff competition to many of the industry players including, HJ Heinz Co. (NYSE:HNZ - News) and Kraft Foods Inc. (NYSE:KFT - News). Moreover, ConAgra expects the rate of input cost inflation to moderate in the upcoming quarters and envisages improved plant efficiencies. We hold a Neutral recommendation on ConAgra over the long term. However, ConAgra retains a Zacks #4 Rank, implying a short-term (1-3 months) Sell rating. finance.yahoo.com