Tyson Foods Gets Raw Deal from Analysts

Filed under: Tyson Foods'A' (TSN)

Goldman Sachs recently initiated its coverage of Tyson Foods Inc. (TSN) by placing the stock on its Conviction Sell List, but I think this meat producer may have gotten a raw deal.

Monday morning, Tyson Foods reported its results for the fiscal third quarter of $242 million, or 65 cents per share, up approximately 86% from the same period last year. The company reported strong sales of $7.44 billion and said it expects demand to increase further next year.

The company is seeing increased sales in each of its major units. Beef accounted for 42% of sales, chicken 34% and pork nearly 17%. Prepared foods and other adjustments made up the total.

However, investors are concerned that rising feed prices and the potential for a double-dip recession could hit the company with a one-two punch of higher expenses and lower beef and pork sales as more customers opt for the cheaper chicken.

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Tyson Foods Gets Raw Deal from Analysts originally appeared on BloggingStocks on Wed, 11 Aug 2010 18:20:00 EST. Please see our terms for use of feeds.

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