I picked up some Smithfield Foods (SFD) on Friday near the days close at $18.56 and it was trading in afterhours around $19.24. According to Smithfield reports on March 12th, they were able to bring in $37.3 million for the 3rd quarter ending Jan 31st, which equates to 22 cents per share. I'm encouraged by the renewed interest in China and Russia to import U.S. pork, which in my opinion could only help Smithfield.
I'm also back in a extremely speculative play with YRC Worldwide INC (YRCW). I picked up a large block of shares at $0.48. I'm hoping to take advantage of a small move up in the stock within the next few weeks. According to a bizjournals article there are positive signs that freight customers are returning and continued layoffs within the company are expected, which suck in general, but help with the company's bottom line. Time will tell.
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