Top 5 Food Stocks To Watch Right Now: Seaboard Corporation(SEB)
Seaboard Corporation operates as a diversified agribusiness and transportation company worldwide. Its Pork division engages in hog production and pork processing; and the production and sale of fresh and frozen pork products, such as lunchmeat, ham, bacon, sausage, loins, tenderloins, and ribs, as well as further processed pork products, including raw and pre-cooked bacon to further processors, foodservice operators, grocery stores, distributors, and retail outlets under the Prairie Fresh and Daily's brand names. This division also produces and sells biodiesel from pork and other animal fats to third parties. The company?s Commodity Trading and Milling division sources, transports, and markets wheat, corn, soybean meal, rice, and other commodities, as well as operates flour, feed, and maize milling businesses. Its Marine division provides containerized cargo shipping service to 26 countries between the United States, the Caribbean Basin, and central and South America; and operates a terminal at the Port of Miami, an off-dock warehouse for cargo consolidation and temporary storage, and a cargo terminal at the Port of Houston for temporary storage of bagged grains, resins, and other cargo. As of December 31, 2010, it operated 10 owned and approximately 29 chartered vessels; and dry, refrigerated, and specialized containers and other related equipment. The company?s Sugar division produces and refines sugar cane, produces alcohol, and purchases and resells sugar to retailers, soft drink manufacturers, and food manufacturers in Argentina. Its Power division operates as an independent power producer in the Dominican Republic operating 2 floating barges with a system of diesel engines with combined capacity of approximately 112 megawatts of electricity. Seaboard Corporation also purchases and processes jalapeno peppers in the United States. The company was founded in 1928 and is based in Shawnee Mission, Kansas. Seaboard Corporation ! is a subsidiary of Seaboard Flour LLC.
Advisors' Opinion:- [By Monica Gerson]
Meat Products:
This industry fell 0.85% by 11:00 am ET. Seaboard Corp. (NYSE: SEB) shares dropped 1.5% in today's trading. Seaboard shares have jumped 42.33% over the past 52 weeks, while the S&P 500 index has surged 13.04% in the same period. - [By Dan Burrows]
Even though you probably don’t know Seaboard (SEB), you almost certainly know its most famous product: Butterball turkey. But Butterball is just a small part of Seaboard, whose businesses include an eclectic mix of pork production, container shipping on the high seas, and electric power plants in the Dominican Republic.
- [By John Udovich]
Thanksgiving is around the cornermeaning investors might want to take a closer look at turkey stockslike Hormel Foods Corporation (NYSE: HRL), Seaboard Corporation (NYSEMKT: SEB) and Industrias Bachoco, S.A.B. de C.V. (NYSE: IBA) the last majorpublicly traded turkey stocks available for investors. Moreover, the Wall Street Journal has pointed out that corn prices are the lowest in more than three years and fewer birds are in production as some producers cut back on their flocks this year due to weaker turkey commodity prices.Feed prices, which make up about 70% of the cost of a turkey, had soared with the price of corn which hit the $8 a bushel level but a recentbumper crop has sent corn prices plunging to about the $4 a bushel level.
- [By Norm Rothery]
I happened upon Seaboard Corp. (SEB) a few years ago, when I was looking for stocks that buy back their shares. It's not the most aggressive re-purchaser in the market, but it has reduced its share count by 20% since the turn of the century.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-5-food-stocks-to-watch-right-now.html
