Tyson Foods "buy," estimates raised
Davenport & Co.
via New Ratings
NEW YORK, May 2, 2007 (newratings.com) - Analyst Ann H Gurkin of Davenport & Company maintains her "buy" rating on Tyson Foods (TSN.NYS), while raising her estimates for the company. The 12-month target price is set to $28.
In a research note published yesterday, the analyst mentions that the company has reported its 2Q EPS significantly ahead of the estimates and the consensus. While Tyson Foods’ beef, chicken and pork sales in the quarter were ahead of the estimates, prepared foods sales were short of the estimates, the analyst says. The EPS estimate for FY07 has been raised from $0.75 to $0.85 to reflect higher margins for beef and pork as well as the 2Q upside.
newratings.com
How does this compute? Feed costs go up and yet higher margins are expected for food animals? Where is the benefit that larger companies have brought to the markets? Where is their "efficiency" being passed on to consumers?
The fools who fell for the argument that lower prices and larger companies are better for consumers need to come out an apologize to the rest of us.
It was only a loss leader to run out the competition.
Do judges ever make mistakes?