Replies to post #808 on Pilgrim's Pride Corp (PPC)

[detearing]

Thanks for your post and yes, I did get your PM's.

I like this sentence: "In July of this year, JBS announced its own plan for a public stock offering. Last month, the company reached an agreement to acquire a majority interest in Pilgrim’s Pride Corp., and subsequently delayed the planned IPO until January 2010, giving the company time to finalize the Pilgrim’s Pride deal."

It looks like JBS hopes to buy it - don't know the status of the other complaints...

It was interesting that Wendy's is owed some money. I would think that the US will approve the sale as it will benefit many companys here in the US and provide competition with TSN.

If it continues to drop, I will double my position.