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ConAgra's Eating Up Sales |
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| Mar 28, 2008 12:26 PM UTC |
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Tracked Blogger
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3/27 - "Concerns of a recession are everywhere, but ConAgra (NYSE: CAG) was too busy munching away on price increases to notice...The maker of Healthy Choice, Peter Pan, and Chef Boyardee more than exceeded earnings expectations. The market welcomed the $0.63 per share third-quarter profits (compared to the anticipated $0.39 per share), sending the stock up over 6% on the news." "If ConAgra can keep the cost of its inputs from skyrocketing along with those raising fuel and commodity prices, and if the planned price increases aren't too much for consumers to bear (certainly two big outstanding questions), ConAgra should fare well, no matter what the rest of the economy does." 
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ConAgra Knows Food Demand is Continual, Not Cyclical
3/3 - "With the markets in a choppy/consolidation mode (or perhaps worse), it's best to consider including a few defensive stocks in your portfolio. And with the above in mind ConAgra is worth an evaluation...Analysts see moderate revenue growth for ConAgra in F2008, with large profits from its trading and merchandising businesses. CAG's food / ingredients unit should also register a solid incr...
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ConAgra's New Recipe
3/28 - "Shares of ConAgra Foods (CAG) were up more than 6% on Mar. 27 after the Omaha food company announced the sale of its commodity trading operations, as well as better-than-expected revenues for its packaged foods business.
"ConAgra shares were trading in the range of $23.50 after disclosure of the sale to an affiliate of New York-based Ospraie Management , an investment management firm...
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ConAgra Reports Fiscal Q3 2008 Earnings
3/27 - "ConAgra Foods, Inc., (NYSE: CAG - News) one of North America’s leading packaged food companies, today reported results for the fiscal 2008 third quarter ended Feb. 24, 2008. Current-quarter diluted EPS from continuing operations was $0.63; items impacting comparability did not have a significant net effect on EPS. Prior-year diluted EPS from continuing operations of $0.37 included net e...
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ConAgra Fiscal Q3 2008 Earnings Transcript
3/27:
"ConAgra Foods, Inc. (CAG)
F3Q08 Earnings Call
March 27, 2008 9:30 am ET
Executives
Gary Rodkin – Chief Executive Officer
Andre Hawaux – Chief Financial Officer
Rob Sharpe - Executive Vice President, Legal and Communications
Greg Heckman – President, Commercial Operations
Doug Knudsen – President, Sales
Chris Klinefelter – Vice President, Investor Relations.
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