Pilgrim's Pride in Chapter 11

[this_side_up]

No. 1 chicken producer Pilgrim's Pride files for Chapter 11
USA Today - Dec 1, 2008

1 producer, Pilgrim's Pride, (PPC) filed for Chapter 11 bankruptcy-court protection. Pilgrim's, which produces 25% of US broilers, suffered a triple whammy ...

UPDATE: Pilgrim's Pride Lines Up $450 Million For Chapter 11 Exit CNNMoney.com

Pilgrim's Pride Files For Chapter 11 Wall Street Journal

It's A Share About Pilgrim's Pride Forbes
MarketWatch - MarketWatch
all 521 news articles » PPC - SAFM - MCO

http://news.google.com/news?hl=en&tab=wn&ned=us&q=pilgrim%27s+pride&btnG=Search+News

Pilgrim’s progress has moral for us
Atlanta Journal Constitution, USA - 1 hour ago

Texas-based Pilgrim’s Pride filed for Chapter 11 bankruptcy protection Monday, succumbing to a debt load it couldn’t carry after acquiring Atlanta-based ...

Pilgrim’s Pride files for Ch. 11 Bizjournals.com

No. 1 chicken producer Pilgrim's Pride files for Chapter 11 USA Today
Texas-based Pilgrim’s Pride seeks bankruptcy protection Houston Chronicle
CNNMoney.com - New York Times

http://news.google.com/news?hl=en&tab=wn&ned=us&q=pilgrim&btnG=Search+News
all 521 news articles » PPC

[emilyg]

1. Wow.

Nobody is safe.

[this_side_up]

2. You are correct.

No company is safe and everyone's job is hanging in
the wind. Hey! bring in more H1B visa people to take even
more US citizens' jobs.

But.........this is what the g-damned cons wanted...to own
everything.....but it has spiraled out of their control, if they
ever had any control and I doubt that. I think they thought
they could inflate this and that, steal the money, let things
here and there collaspe and they would swoop in and buy
everything for pennies.

Dumbasses didn't foresee the domino effect of any of
their individual actions, much less all of their actions'
combined effect.

Should I ever see a reThugliCon by the side of the road,
on fire......I won't stop to piss on 'em.

[napi21]

3. WHY? I live in Gainsville, Ga. which is promoted as the chicken

capitol of the world. AFAIK the ones here are not in any financial trouble. /what did Pilgrims Pride do to cause this?

[this_side_up]

4. the same as home foreclosures....

"succumbing to a debt load it couldn’t carry "

[RedEarth]

7. It's my understanding the price of corn(feed for chickens) which spiked

over the last year or so and a recent acquisition put the squeeze on them. Plus, I'm sure the economy hasn't helped much either...fewer people going out to eat and consumers buying beans instead of meat.

[dixiegrrrrl]

5. Ironic company name for the mess it is in now.

[Citizen Number 9]

6. Food Companies in Bankruptcy

Always a special concern when you see that.