Sanderson Farms (SAFM) is the 4th largest poultry processing company in the U.S. The improved efficiencies at the company's poultry complexes in Georgia and Mississippi, along with the new facility in Waco, Texas, should improve unit operating costs and increase production levels in fiscal 2009.However, grain costs increased substantially in fiscal 2008 resulting in a loss. Even though grain prices have declined, the Hold rating is maintained.Due to the company's volatile earnings and losses reported in fiscal 2006 and 2008, the stock is best valued on a price-to-sales basis. During the last five years, the stock has traded in the range of 0.26 to 0.94 times sales.There is considerable commodity risk involved with the production of chicken products, both on the pricing of end-products and the costs of feed, processing, and storage. With stock currently trading at 0.44 times sales, the target ...

Until 1990, gambling in Mississippi was not permitted. Now it is a major source of revenue for the state and an attractive tourist attraction. Following are some interesting facts about Mississippi:1. 25% of total employment is generated by the agriculture industry.2. Mississippi most important agricultural products are poultry and eggs, forestry, soybeans and corn.3. The state offers different business incentives to new businesses and businesses relocating to Mississippi. They include tax credits, and tax exemptions.4. The top manufactured products are processed foods, beverages, dairy and grain products.5. Between 2004 and 2005 Mississippi’s export increased by 26% to achieve a record $4 billion.6. Mississippi’s top export are chemical products.7. Manufacturing firms employ 172,000 workers in the state.8. Mississippi’s oil reserves rank it number 13 out of 50 states, with 167 million barrels of oil.9. Mississippi has the ...

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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