Monday, September 29, 2008

Credit Concerns Resurface at Smithfield Foods

Hog and pork producer Smithfield Foods Inc (SFD-$14.36) sought to reassure investors on Friday that it was in compliance with its debt covenants and had adequate liquidity after its shares fell sharply.

Before some Wall Street analyst with a well-oiled PR machine takes credit for having predicted potential credit problems at Smithfield, remember
you heard it first at the 10Q Detective – back on July 29.
Original new stories can also be found at BNET Energy & BNET Insight: 10-Q Detective
Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.

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