SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (2932)11/16/2012 11:52:03 AM
From: richardred1 Recommendation  Respond to of 6453
 
Berkshire Buys Deere Stake for Buffett Aides’ Portfolios
By Noah Buhayar - Nov 15, 2012 4:15 PM ET

Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) disclosed a stake in Deere & Co. (DE), the world’s largest maker of agricultural equipment, as the billionaire investor’s deputies build their portfolios.

Berkshire held 3.98 million shares of the Moline, Illinois- based company at the end of the third quarter, Buffett’s firm said yesterday in a regulatory filing disclosing U.S. equity holdings. The Omaha, Nebraska-based company cut consumer- products stocks including Johnson & Johnson and Procter & Gamble Co. (PG) in the period ended Sept. 30.





Enlarge image
Deere, which reports fourth-quarter results next week, advanced 0.7 percent to $85.35 in extended trading yesterday in New York after Berkshire’s filing was released. Photographer: Andrey Rudakov/Bloomberg



“We have a massive need to increase productivity in the farm belts of the world,” Lustgarten said in a phone interview. “Deere is the global leader” in making products to accomplish that, he said. “Best technology, best-managed company.”

Buffett’s stock picks are watched by mutual funds and individuals looking for clues about his strategy. Deere, which reports fourth-quarter results next week, advanced 0.8 percent to $85.39 at 4:01 p.m. in New York.

The maker of products including tractors, mowers and dozers missed quarterly earnings estimates and cut its full-year profit forecast in August amid slowing sales in Asia and Latin America, leading to the stock’s biggest one-day fall in more than a year. U.S. farmers’ purchasing power may be hurt this year amid the country’s worst drought in five decades.

Stock Volatility Deere traded as low as $72.85 in the three months ended Sept. 30 and closed the quarter at $82.47. The volatility may have given Berkshire a buying opportunity, Lustgarten said. Buffett, the world’s fourth-richest person, has said he built his fortune by investing in companies the market mispriced.

“The stock got hit a bit,” Lustgarten said. “The long- term outlook for Deere is what attracts people.”

The holding adds to Berkshire investments tied to agriculture. Buffett praised employees at CTB Inc., a unit that makes products for the hog and poultry industries, saying in 2010 that it would expand for decades and was on a farming “superhighway.” Buffett’s son Howard, a farmer and Berkshire director since 1993, endorsed the deal to buy CTB in 2002.

“They’ve already got a toe in the farm pond,” Stephen Volkmann, a New York-based analyst at Jefferies Group Inc., said in a phone interview. “Maybe they’ve decided that global ag is a long-term cycle.”

Consumer Stocks Buffett, 82, has been reducing Berkshire’s holdings of consumer-products stocks this year as he weighs acquisitions and gives more money to Combs and Weschler. Buffett has said he manages the company’s larger investments while his deputies oversee smaller stakes. In July, he said each would probably manage about $4 billion, compared with $2.75 billion at the beginning of the year.

Berkshire’s holding in J&J plunged 95 percent to 492,000 shares in the third quarter, while the P&G stake declined 11 percent to 52.8 million shares. An investment in Kraft Foods Inc., which split after the third quarter’s end into Mondelez International Inc. (MDLZ) and Kraft Foods Group Inc. (KRFT), also dropped.

J&J shares fell 0.3 percent in New York today, Kraft Foods Group sank 1 percent and Cincinnati-based P&G declined 0.3 percent. Deerfield, Illinois-based Mondelez was little changed.

Bill Price, a spokesman for New Brunswick, New Jersey-based J&J, P&G’s Paul Fox, Mondelez’s Valerie Moens and Northfield, Illinois-based Kraft Foods Group’s Leslie Sutton declined to comment on the share reductions.

Elephant Hunting Buffett may be selling the consumer stocks to provide more funds to his deputies while reserving money for a large acquisition, said David Kass, a professor at the University of Maryland’s Robert H. Smith School of Business. Berkshire’s cash pile climbed to $47.8 billion in the third quarter, buoyed by the stock sales and earnings at operating units.

“He may be really wanting to keep that aside for his big elephant,” said Kass, who has accompanied students to meet the Berkshire chairman and chief executive officer in Omaha.

Buffett has used hunting references to describe his eagerness for acquisitions, telling shareholders in a letter last year that “Our elephant gun has been reloaded, and my trigger finger is itchy.”

Among Berkshire’s other new holdings were about 1.2 million shares in Portland, Oregon-based Precision Castparts Corp. (PCP), valued at about $216 million at yesterday’s closing price, assuming no shares were bought or sold since Sept. 30.

Precision, Wabco Precision, whose products include metal forgings for jet engines, has made more than 20 acquisitions in the past decade under CEO Mark Donegan, according to data compiled by Bloomberg. Donegan announced on Nov. 9 an agreement to pay $2.9 billion for billionaire Harold Simmons’s Titanium Metals Corp. (TIE)

Buffett’s firm also disclosed a 1.6 million-share stake in in Piscataway, New Jersey-based Wabco Holdings Inc. (WBC), a maker of braking and suspension systems for commercial vehicles. The holding would have been worth $92.2 million at yesterday’s close.

Wabco rose 0.4 percent, while Precision gained 0.6 percent.

bloomberg.com



To: richardred who wrote (2932)6/12/2013 10:09:51 AM
From: richardred1 Recommendation

Recommended By
sjemmeri

  Read Replies (1) | Respond to of 6453
 
With Cooper going down. Could Goodyear on the Iconic names list be next?
IMO-Maybe the start of a accelerating trend of foreign National companies buying US brick and mortar companies. I wonder if China & India decided US brick & mortar is better than gold & US treasuries?

Indian Tire Maker to Buy Cooper Tire for $2.5 Billion.

dealbook.nytimes.com



To: richardred who wrote (2932)6/12/2013 11:29:55 AM
From: richardred  Read Replies (1) | Respond to of 6453
 
RE: Dole on SITT iconic brand names yet to be acquired.

Looks like I will have to be making some revisions to the list again. This since Conagra successfully acquired Ralcorp. Yesterday Mr. Murdock made a bid to acquire the whole company.

dealbook.nytimes.com



To: richardred who wrote (2932)5/17/2017 8:37:37 AM
From: richardred  Respond to of 6453
 
CL at the right price!

Colgate-Palmolive’s chief executive recently signaled he would be open to selling the company — which has grappled with sluggish demand for its toothpaste, deodorants and food products — for $100 a share, a source told The Post.

nypost.com

P.S.

>Colgate-Palmolive Co (Very Big, but never say never)

Message 27708293



To: richardred who wrote (2932)10/11/2017 10:55:41 AM
From: richardred  Read Replies (2) | Respond to of 6453
 
RE- Coach Name change -Iconic Brand names. #Iconic brand name #Coach $COH to #tapestry? When I think of a tapestry. I think of a dingy old cloth hanging up in a #castle.



P.S.
My list of corporate iconic brand names that have yet to be acquired. On the list because they are of scale they still can be acquired. I'm sure I missed some.

Alcoa Inc
AVON
Briggs & Stratton Corp
Campbell's
Colgate-Palmolive Co (Very Big, but never say never)
Church & Dwight Co- Ok Ill give leverage because of the Arm & Hammer brand
Chiquita Brands International Carl Linder Jr just passed away at 92.
Coach
Corning -Corelle, CorningWare, Pyrex sold along with Steuben®, but most everybody knows Corning Glass
Deere
DOLE
General Mills
Goodyear
Clorox
Energizer Holdings Inc
Hasbro Inc
H J Heinz Co
Harley Davidson Inc
H and R Block Inc
Hormel Foods Corp - They get leverage also SPAM
HESS
Hershey
J C Penney
Kellogg's
Kodak Who wants it now, but the brand name has intrinsic value.
Kimberly Clark Corp Gets a pass -Kleenex
Lennox
Macy's Inc
Mattel Inc
McCormick & Co Inc
NCR Corp
Norfolk Southern Corp
Owens Corning
Ryder System Inc Ryder rents trucks
Ralcorp Holdings Inc- Came close- Ralston Purina
Revlon Inc Ok some leverage Ron Perlman damaged it then brought it back
RadioShack Corp
Reynolds American Inc Reynolds wrap
Smith & Wesson Holding
Tiffany and Co
Tyson Foods Inc
Toro Co
US Steel- X marks the spot
Wd-40 Co
Xerox Corp

Message 27708293



To: richardred who wrote (2932)6/21/2019 8:06:22 AM
From: richardred  Respond to of 6453
 
Tyson Foods: We’re Activating the Ingredients for More Growth

GlobeNewswireJune 20, 2019

Investor Day message highlights company’s value-added, international expansion

NEW YORK, June 20, 2019 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. ( TSN) continues to meet changing consumer needs and is well-positioned for long-term, sustainable growth, company officials told investors and analysts today during Tyson Foods’ Investor Day at the New York Stock Exchange.

Chairman John Tyson, President and CEO Noel White and members of the company’s senior management team spoke at the event, which showcased the strength of Tyson’s diversified portfolio, execution of its long-term growth strategy, efforts to increase its value-added product offerings, continued innovation in food and sustainability, and expansion into new global markets.

“We’re poised for long-term growth because we understand consumers and can meet their needs through a broad portfolio of diverse products,” said White. “As we look ahead, prepared foods and value-added chicken are expected to be the most profitable segments and international is where we see the most opportunity for significant growth.”

“We’re excited about the direction of our company and the diversity of our products, businesses, people and locations,” said John Tyson. “We strive to provide quality, safe, sustainable and affordable food, while supporting our communities, customers, people and our shareholders.”

Tyson Foods has delivered a total shareholder return of 695 percent over the past 10 fiscal years, compared to a 328 percent return of the S&P 500 during the same timeframe. “Our balanced approach to activating a suite of growth models allows us to invest, build, buy and partner – and it’s working,” said Chief Financial Officer Stewart Glendinning.

Additional key points shared at the event include:

Tyson Foods’ Prepared Foods business has become a large, profitable growth engine. The segment represented 3 percent of company profits five years ago and today generates 30 percent.Through recent international acquisitions, Tyson Foods is positioned to take advantage of rising global protein demand. Over the next five years, it is estimated that nearly 98 percent of protein consumption growth will happen outside the U.S. and approximately 70 percent of that growth will be in Asia.A worldwide decrease in pork supply due to the impact of African Swine Fever on the Chinese pig herd could offer significant upside to Tyson Foods’ poultry, pork and beef businesses, but could also increase raw material costs for the company’s prepared foods business.Beef has enjoyed demand growth resulting in higher beef margins. This trend is expected to continue due to factors such as increasing global middle-class income, increases in live cattle supplies and the continued growth of the company’s case-ready, value-added business. Tyson Foods’ poultry business continues to grow its mix of value-added products through acquisition and innovation in the retail and foodservice channels. Examples in retail are the recent acquisition of the Smart Chicken® brand that offers premium, organic, air-chilled chicken and plans to launch new Tyson® Air Fried chicken this fall.Demand growth for alternative proteins is being driven by people who love eating meat but also are open to a diet that includes plant-based proteins. Company leaders believe this growth is “incremental and meaningful in potential size” and recently introduced the company’s first plant-based and blended products.<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm" type="text" content="A video webcast replay of the Investor Day presentations is available by going to Tyson Investor Relations.

About Tyson Foods&nbsp;
Tyson&nbsp;Foods,&nbsp;Inc., (NYSE:&nbsp;TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company had 121,000 team members at September 29, 2018. Through its Core Values, Tyson&nbsp;Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com

Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking statements, including statements regarding expected growth in protein consumption, operating segments’ relative and absolute profitability, investor value, and effects of African Swine Fever, all of which involve a number of risks and uncertainties, including changing customer and consumer preferences and our ability to realize benefits of recent acquisitions. These statements constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words “will,” “should,” “estimate,” “expect,” “intend,” “believe” and other similar expressions (or the negative of such terms) are intended to identify forward-looking statements. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results and the timing of events may differ materially from the results and/or timing discussed in the forward-looking statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date of this communication, and Tyson Foods does not undertake any obligation to update any forward-looking statement except as required by law." data-reactid="25">A video webcast replay of the Investor Day presentations is available by going to Tyson Investor Relations.

About Tyson Foods
Tyson Foods, Inc., (NYSE: TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company had 121,000 team members at September 29, 2018. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com

Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking statements, including statements regarding expected growth in protein consumption, operating segments’ relative and absolute profitability, investor value, and effects of African Swine Fever, all of which involve a number of risks and uncertainties, including changing customer and consumer preferences and our ability to realize benefits of recent acquisitions. These statements constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words “will,” “should,” “estimate,” “expect,” “intend,” “believe” and other similar expressions (or the negative of such terms) are intended to identify forward-looking statements. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results and the timing of events may differ materially from the results and/or timing discussed in the forward-looking statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date of this communication, and Tyson Foods does not undertake any obligation to update any forward-looking statement except as required by law.

CONTACTS
News Media: Gary Mickelson, 479-290-6111, gary.mickelson@tyson.com
Investors: Jon Kathol, 479-290-4235, jon.kathol@tyson.com