Monday, December 04, 2006

Tastes Like Chicken!

We now own the largest poultry producer in the world as Pilgrim's Pride was finally able to complete a $1.1 bln acquisition of Gold Kist. It's a good sign to see the 9.5% surge in the price, which shows investors believe the deal is good for both companies.

I'm comfortable holding onto these guys for a while now that we have a new catalyst to help propel them back to their pre-bird flu price.

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