Sanderson Farms Inc. (SAFM) Knows Why the Chicken Crossed the Road
QualityStocks (June 4th, 2008) Writes:
If you were a chicken you would to, considering Sanderson Farms Inc.’s production output is over 2 billion pounds a year. Sanderson Farms is a producer, processor, marketer, and distributor of fresh and frozen chicken and other prepared food items. Their 2007 sales were over $1B in products sold under the Sanderson Farms brand name.
With headquarters in Laurel, Mississippi, Sanderson Farms Inc. trades on NASDAQ as part of the Meat Products industry. Their markets are in the southeastern, southwestern, and western United States. They sell their products to retailers, distributors, and food operators in these locations. Sanderson Farms operates eight poultry processing complexes situated in Mississippi, Louisiana, Texas, and Georgia.
The company began in 1947 as a general feed and seed business. In 1951, D.R. Sanderson, Sr., D.R. Sanderson, Jr., and Joe Frank Sanderson organized a partnership under the name of “Sanderson Brothers”. In ensuing years, they added poultry production to
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