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Undervalued Stock #2 ========== ----------- ConAgra Foods, Inc. (NYSE: CAG) ----------- Insider Name: David C. MyersInsider Position: Vice PresidentInsider Action: 8,000 shrs on 12/21/2006Insider Total Holding: 18,000 shrs -------------------------------------------------------Undervaluation Merits... P/S Ratio = 1.18 (Industry Average 1.38)P/B Ratio = 2.90 (Industry Average 4.63) Industry: Major Diversfied Foods -------------------------------------------------------Other Merits... Dividend Yield = 2.70% -------------------------------------------------------Other Merits... Exceeded Analyst Earnings Estimates for Past 4 Quarters ----------- ConAgra Foods, Inc. (NYSE: CAG)