The bottom line is that this is a low bid for a company that has enough earnings power to fuel a $30 stock price even with the heavy upfront spending for its case-ready products. |
The bottom line is, pretax earnings are going (to be) down between $200 (million) and $225 million, but they're not giving out the specifics of why and what percentage of it might be due to selected price cuts, |
The end game has started for [Quaker] now. They are certainly in play here. There's only one Gatorade. |
The good news is that we think Tyson is at a low point in its earnings cycle. |
They said there would not be across-the-board price cuts, but I don't see how there cannot be selected price cuts given the magnitude of the earnings reduction. |
They've had their franchise, particularly domestically, eroded in the last decade by the value sector. I think now they're going on the offensive. While this will hurt earnings, I think it's the right thing to do. |
This is probably the best food asset that has been put up for sale in over a decade. What is surfacing as these first bids are coming in is there is a good deal of interest across the board. |
This is what I've been looking for, ... I think the landscape [for consolidation] of the packaged food industry is about to change for the better. |
Tootsie Rolls are part of everybody's youth, |
Volume growth for the year is [targeted at] 3 percent. It seems to me they're fine-tuning volume expectations a bit. |
We continue to see Brazil as a challenging area with the currency remaining surprisingly strong and with Russia just banning all chicken imports. |