Tyson Foods (NYSE: TSN) Has been brought up recently as they are one of the few companies with good liquidity. John Tyson, Tyson Foods's Chairman indicated during an interview with Bloomberg that they have been selling some stocks and issuing debts to raise as much as $1.5 billion dollar in cash sitting in the bank and waiting for acquisition opportunity. China's market seem to be attractive in John's eyes as the huge 1.3 billion and growing population might consume more. Tyson Foods is in the defensive sector that usually will survive during economy downturn, frozen foods from Tyson have been selling well in the US market. However Tyson Foods's stock has been tumbling along with others, TSN felt for as much as 50% during 2008, I won't be aggressive to this stock yet until it goes above $14.Sunday, October 12, 2008
Tyson Foods (TSN): " I Want Chinese People to Eat One More Chicken Per Year"
Tyson Foods (NYSE: TSN) Has been brought up recently as they are one of the few companies with good liquidity. John Tyson, Tyson Foods's Chairman indicated during an interview with Bloomberg that they have been selling some stocks and issuing debts to raise as much as $1.5 billion dollar in cash sitting in the bank and waiting for acquisition opportunity. China's market seem to be attractive in John's eyes as the huge 1.3 billion and growing population might consume more. Tyson Foods is in the defensive sector that usually will survive during economy downturn, frozen foods from Tyson have been selling well in the US market. However Tyson Foods's stock has been tumbling along with others, TSN felt for as much as 50% during 2008, I won't be aggressive to this stock yet until it goes above $14.
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