Comments on: Food for thought at Smithfield… http://www.footnoted.org/earnings-quality/food-for-thought-at-smithfield/ Michelle Leder's guide to what's hiding in SEC filings Tue, 06 Jan 2009 09:11:00 +0000 http://wordpress.org/?v=2.7 hourly 1 By: David J Phillips http://www.footnoted.org/earnings-quality/food-for-thought-at-smithfield/comment-page-1/#comment-5912 David J Phillips Wed, 30 Jul 2008 06:41:16 +0000 http://www.footnoted.org/?p=1955#comment-5912 Michelle: A Smithfield Foods Update, July 25: A review of the Annual Proxy Statement filed last Friday indicates that Joseph W. Luter III, Non-Executive Chairman of the Board, and C. Larry Pope, Chief Executive Officer, are shamelessly slopping at the bonus trough, even in lean years. In FY 2008, each man received $4.2 million and $2.43 million in cash bonuses, respectively--in a terrible year! http://10qdetective.blogspot.com/2008/07/bankruptcy-in-smithfield-foods-future.html My Best- David J Phillips Michelle:

A Smithfield Foods Update, July 25:

A review of the Annual Proxy Statement filed last Friday indicates that Joseph W. Luter III, Non-Executive Chairman of the Board, and C. Larry Pope, Chief Executive Officer, are shamelessly slopping at the bonus trough, even in lean years. In FY 2008, each man received $4.2 million and $2.43 million in cash bonuses, respectively–in a terrible year!

http://10qdetective.blogspot.com/2008/07/bankruptcy-in-smithfield-foods-future.html

My Best-
David J Phillips

]]> By: Lou Kasman http://www.footnoted.org/earnings-quality/food-for-thought-at-smithfield/comment-page-1/#comment-5761 Lou Kasman Mon, 07 Jul 2008 18:45:46 +0000 http://www.footnoted.org/?p=1955#comment-5761 If Jews and Muslims started eating pork the numbers would be even higher. If Jews and Muslims started eating pork the numbers would be even higher.

]]> By: SeanDC http://www.footnoted.org/earnings-quality/food-for-thought-at-smithfield/comment-page-1/#comment-5749 SeanDC Thu, 03 Jul 2008 20:29:43 +0000 http://www.footnoted.org/?p=1955#comment-5749 The share price has been hammered in large part by the high price of <a href="http://finance.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1215115200000&chddm=98923&q=NYSE:SFD&amp" rel="nofollow">feed</a>. Pork prices haven't kept up with corn prices, and meat producers have been squeezed. The share price has been hammered in large part by the high price of feed. Pork prices haven’t kept up with corn prices, and meat producers have been squeezed.

]]> By: Michelle Leder http://www.footnoted.org/earnings-quality/food-for-thought-at-smithfield/comment-page-1/#comment-5748 Michelle Leder Thu, 03 Jul 2008 15:27:49 +0000 http://www.footnoted.org/?p=1955#comment-5748 Thanks, Richard. I should have mentioned that in the post. Here's <a href="http://online.wsj.com/article/SB121495619636921315.html?mod=googlenews_wsj rel="nofollow">a link</a> to yesterday's WSJ article summarizing the deal. Thanks, Richard. I should have mentioned that in the post. Here’s a link to yesterday’s WSJ article summarizing the deal.

]]> By: Richard Kuslan, Editor, Asiabizblog http://www.footnoted.org/earnings-quality/food-for-thought-at-smithfield/comment-page-1/#comment-5747 Richard Kuslan, Editor, Asiabizblog Thu, 03 Jul 2008 15:21:30 +0000 http://www.footnoted.org/?p=1955#comment-5747 The dramatic upswing in production may very well be due to increasing demand from China. COFCO, a large Chinese foodstuffs producer, bought 5% of Smithfield the other day. The dramatic upswing in production may very well be due to increasing demand from China. COFCO, a large Chinese foodstuffs producer, bought 5% of Smithfield the other day.

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