If you’re going to engage in insider trading (click here) ahead of a big acquisition, don’t use out-of-the-money calls. On Thursday, the Securities and Exchange Commission announced it froze the assets of a trader from Bangkok, Thailand who tried to withdraw more than $3 million made in profits from illegally trading ahead of the acquisition of U.S. pork producer Smithfield Foods SFD -0.21% for nearly $5 billion.
Badin Rungruangnavarat is accused of being in possession of material, nonpublic information, leading him to buy thousands of out-of-the-money calls and single-stock futures contracts in Smithfield from May 21 to 28....
I love family farms. I love small farms. I love NO GMO. I love Organic Farmers. The new trend in Heritage Crops and Organic Farming is MY BEST FRIEND.
LOCAL ECONOMIES. Yep. Oh, you didn't know the cruelty existing at Smithfield. The USA is better off without them. Honest. China should enjoy their pork in good health.
Smithfield had North Carolina government within it's control. The thing is that won't stop simply because China now owns the business. Smithfield is the biggest polluter of the North Carolina coastal plain. China now OWNS North Carolina.
When one wants to reflect on WHY the Southern governments are so very stupid about their economies and quality of life of it's people, ask yourself, whom among Democrats would be THAT CORRUPT.
I love family farms. I love small farms. I love NO GMO. I love Organic Farmers. The new trend in Heritage Crops and Organic Farming is MY BEST FRIEND.
LOCAL ECONOMIES. Yep. Oh, you didn't know the cruelty existing at Smithfield. The USA is better off without them. Honest. China should enjoy their pork in good health.
Smithfield had North Carolina government within it's control. The thing is that won't stop simply because China now owns the business. Smithfield is the biggest polluter of the North Carolina coastal plain. China now OWNS North Carolina.
When one wants to reflect on WHY the Southern governments are so very stupid about their economies and quality of life of it's people, ask yourself, whom among Democrats would be THAT CORRUPT.
Industrial Farming to Worsen with Smithfield Acquisition (click here)
By Jeff Seigel
Thursday, May 30, 2013
So it looks like there are a lot of folks really pissed off about the Chinese buying Smithfield Foods (NYSE:SFD). Many believe it's just another way Uncle Mao's offspring are going to take over the United States.
Thursday, May 30, 2013
So it looks like there are a lot of folks really pissed off about the Chinese buying Smithfield Foods (NYSE:SFD). Many believe it's just another way Uncle Mao's offspring are going to take over the United States.
But I don't buy it for a minute.
If the Chinese want to “take control,” they'll do it by targeting things like energy, infrastructure and defense. Pigs? Not so much.
No, the truth is, Shuanghui International Holdings is buying Smithfield because it wants to adopt the highly-efficient factory farm model that Smithfield has perfected. And the best way to do that is to acquire one of the best in the business.
You see, pork prices in China run about three times what they run here because the Middle Kingdom doesn't yet have armies of concentrated feed lot operations pumping out nutritionally-inferior meat for a billion bacon-loving Chinese. And in fact, it doesn't make sense for them to sacrifice their own land for factory farming operations when they can just come to the U.S., and use our nation as one giant factory farm.
Make no mistake about it, the point of this deal is to basically send U.S. pork to China. And this could have disastrous results for the U.S....
