Pilgrim's Pride Corp. (PPC) is in the Food Industry

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• Pilgrim's Pride Loss May Put It in Covenant Default

  By Bob Burgdorfer and Aarthi SivaramanCHICAGO/NEW YORK (Reuters) - U.S. chicken producer Pilgrim's Pride Corp PPC said on Thursday it would post a significant quarterly loss and that, as a result, it expects to be out of compliance with a credit covenant, sending its shares down as much as 40...

  News items 2008-09-25

  Tags: Covenant, Sanderson Farms Inc., Pilgrim, Litigation, Financial Accounting, Analyst, Pilgrim's Pride Corp., Tyson Foods Inc.

• Pilgrim's Pride Down Sharply on Expected Quarterly Loss

  Trader Mark submits: Scary. The fact a stock can lose 40% in back to back sessions out of the blue is simply scary.I would love to know (SEC hello?) who "knew" Wednesday and was getting "out" - these are the type of things I wish they'd investigate instead of...

  External links 2008-09-25

  Tags: Retail, Pilgrim's Pride Corp.

• Cal-Maine Foods: Which is Better - the Chicken or the Egg?

  Stephen Rosenman submits: This should be the time to buy chicken and egg producers.  After all, we're in a slow down, maybe recession.  And what serves best at times like these? The food stocks.  People have to eat.  Steady profits. Unfortunately, it doesn't work like that.  The poultry business is...

  External links 2008-09-12

  Tags: Retail, Cal-Maine Foods Inc., Pilgrim's Pride Corp., Sanderson Farms Inc., Tyson Foods Inc.

• Not Much Meat on Pilgrim's Pride's Bones

  Stephen Rosenman submits: Moody's is thinking about downgrading Pilgrim's Pride PPC. Pilgrim's Pride is a billion dollar market cap company with a $1.5 billion long term debt, no income, and high costs. by Stephen Rosenman

  External links 2008-09-04

  Tags: Retail, Cal-Maine Foods Inc., Pilgrim's Pride Corp., Sanderson Farms Inc., Smithfield Foods Inc.

• Sanderson Farm CEO Hinting at Future Pilgrim's Pride Bankruptcy?

  Stephen Rosenman submits: The chicken business is so bad that Joe Sanderson, CEO of Sanderson Farms SAFM, called on divine guidance during his company's recent conference call. Well that’s going to take a miracle and an angel or something looks to me. I mean if a boneless breast is...

  External links 2008-08-27

  Tags: Retail, Pilgrim's Pride Corp., Sanderson Farms Inc.

• Pilgrim's Pride: The Weakest Link in the Food Chain

  Stephen Rosenman submits: Pilgrim's Pride PPC committed a cardinal sin a little over a year ago. This chicken producer with a then market cap of $2.6 billion bought its third largest rival, Gold Kist, for $1.1 billion. It increased its debt from a half a billion to over $1.3...

  External links 2008-08-17

  Tags: Materials/Industrials, Pilgrim's Pride Corp.

• Pilgrim's Pride Corporation F3Q08 (Qtr. End 05/28/08) Earnings Call Transcript

  Question-and-Answer SessionOperator Thank you. Ladies and gentlemen at this time, we will open the floor for questions. Operator Instructions. Our first question will come from Eric Katzman, Deutsche Bank Eric Katzman - Deutsche Bank Hi good morning everybody. Rick Cogdill Good morning Eric Eric Katzman - Deutsche Bank There...

  Earnings calls 2008-07-29

  Tags: Pilgrim's Pride Corp.

• Pilgrim’s Pride Corporation F2Q08 (Qtr End 03/29/08) Earnings Call Transcript

  Question-and-Answer Session Operator Operator instructions Our first question comes from Reza Vahabzadeh – Lehman Brothers. Reza Vahabzadeh – Lehman Brothers Rick you went through a bunch of useful information, I’m not sure if I made it all, for the March quarter, the US chicken volumes were...

  Earnings calls 2008-05-05

  Tags: Pilgrim's Pride Corp.

• Pilgrims Pride F1Q08 (Qtr End 12/31/07) Earnings Call Transcript

  Question-and-Answer SessionOperator Thank you, speakers. At this time, we will now open the floor for questions. Operator Instructions. Our first question will come from Reza Vahabzadeh from Lehman Brothers. Rick Cogdill Hi, Reza. Reza Vahabzadeh - Lehman Brothers The SG&A expense line item in dollar amount was $9 million...

  Earnings calls 2008-01-29

  Tags: Pilgrim's Pride Corp.

• Pilgrims Pride Corporation F4Q07(Qtr End 9/30/2007) Earnings Call Transcript

  Question-and-Answer SessionOperator Thank you. Our first question comes from Razer [inaudible] from Lehman Brothers. Unidentified Analyst - Lehman Brothers Good morning. O.B. Goolsby, Jr. - President and Chief Executive Officer Good morning Razer. Unidentified Analyst - Lehman Brothers Just as far as...

  Earnings calls 2007-11-14

  Tags: Pilgrim's Pride Corp.

Additional Resources

• Pilgrim's Pride Corporation Announces Definitive Written Agreement With Lenders on Temporary Covenant Waiver

  PITTSBURG, Texas, Sept. 29 /PRNewswire-FirstCall/ -- Pilgrim's Pride Corporation today announced that on September 26, 2008, it successfully completed a definitive written agreement with its lenders to temporarily waive the fixed-charge coverage ratio covenant under its credit facilities through October 28, 2008. The lenders also have agreed...

  Articles 2008-09-29

• Trading in Pilgrim's Pride shares is halted

  MILWAUKEE -- Trading in shares of Pilgrim's Pride Corp., the nation's largest chicken producer, was halted late Wednesday after the stock fell 38 percent and saw volume at more than six times its normal level. The company, based in Pittsburg, Texas, which has a distribution center in...

  Articles 2008-09-25

• Pilgrim's Pride Corporation Issues Statement in Response to Recent Trading Activity in Its Common Stock

  PITTSBURG, Texas, Sept. 25 /PRNewswire-FirstCall/ -- Pilgrim's Pride Corporation today announced that, based on preliminary results, it notified its lenders that the company expects to report a significant loss in the fiscal fourth quarter ending September 27, 2008. The company attributed the anticipated loss to high feed-ingredient...

  Articles 2008-09-25

• BellwetherReport.com Analyst Opinions on FNM, FRE, PPC and O

  BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...

  Articles 2008-09-25

• BellwetherReport.com Analyst Opinions on TSO, XCO, PPC and ZQK

  BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...

  Articles 2008-08-27

• BeaconEquity.com Issues Trade Alerts on Consumer Goods/Food Product Stocks: SFD, TSN, KFT, CAG, PPC, HRL

  DALLAS, Aug. 26 /PRNewswire/ -- BeaconEquity.com announces the availability of Trade Alerts on stocks making news today. Investors can view all of the daily trading notes for free by visiting: http://www.beaconequity.com/m. Today's Trade Alerts include: Smithfield Foods Inc. , Tyson Foods Inc. , Kraft Foods...

  Articles 2008-08-26

• Pilgrim's Pride Corporation Announces Quarterly Dividend

  PITTSBURG, Texas, Aug. 5 /PRNewswire-FirstCall/ -- The Board of Directors of Pilgrim's Pride Corporation has declared a quarterly dividend of 2 1/4 cents per share. The quarterly dividend is payable on September 26, 2008, to shareholders of record at the close of business on September 12, 2008....

  Articles 2008-08-05

• Pilgrim's Pride Corporation Reports Financial Results for Third Quarter of Fiscal 2008

  PITTSBURG, Texas, July 29 /PRNewswire-FirstCall/ -- Pilgrim's Pride Corporation today reported a net loss from continuing operations of $48.3 million, or $0.69 per share, on net sales of $2.2 billion for the third fiscal quarter ended June 28, 2008. These results exclude charges of $4.4 million, or...

  Articles 2008-07-29

• Farmers face sad sights and big decisions

  OAKVILLE, Iowa -- The murky floodwaters sloshed against farmhouses, telephone poles, towering silos. They call the windswept fields here "the bottoms," a 50,000-acre stretch of rich, dark soil along the Mississippi River that farmers have tilled for generations. Riding in a friend's flat-bottom fishing boat, 60-year-old...

  Articles 2008-07-03

• Groups Urge USDA to Act Promptly to Permit Early Releases from CRP

  WASHINGTON -- With tight crop supplies and increasing demand for grains and oilseeds, the Alliance for Agricultural Growth and Competitiveness AAGC urged U.S. Department of Agriculture Secretary Edward T. Schafer to act quickly to grant penalty-free early releases from the Conservation Reserve Program CRP for non-environmentally sensitive...

  Articles 2008-06-26