*yields on corporate bonds remain far too high for...

2008-10-28T20:16:00.000-04:00

*yields on corporate bonds remain far too high for many companies to issue debt, effectively shutting them out of the bond market.*

This will change... The central banks will succeed in hammering down bond yields on commercial paper even if they have to buy it all themselves...

I am building a long position in HYF here... a high yield paper fund.

I was checking out CALM ( The egg producer ) and r...

2008-10-28T18:46:00.000-04:00

I was checking out CALM ( The egg producer ) and read that all three of the biggest chicken suppliers have debt due to purchases of smaller operations at the wrong time. (CALM didn't). And I just received a 'Rising Tide' newsletter today which also stated that debt was the problem with Pilgrims Pride. (For the record, PDA, a So American meat supplier) has no real debt and HOGS, a Chinese pork supplier is in very good shape.)

However, it got me thinking about who might be impacted by Pilgrim. Names that come to mind are McDonalds and KFC... And the American family.. This fromw Wikipedia on PETA issues with chicken handling:

KFC responded by saying the chickens used in its products are bought from suppliers like Perdue Farms, Tyson Foods, and Pilgrim's Pride.

With sales in emerging markets supposedly slowing, this might be a downside for those fast food outlets that sell a lot of chicken.

Of course, if the Department of Energy bails out the Big Three, why wouldn't Homeland Security bail out the chicken farms?

jegan

Comments on Fund My Mutual Fund: Pilgrim's Pride (PPC) is now a $1 Stock

*yields on corporate bonds remain far too high for...

I was checking out CALM ( The egg producer ) and r...