Pioneer has been under tremendous pressure since releasing its results on 22 May 2017.
Its earnings miss was partly due to an unfortunate hedging strategy, weaker consumer demand and slower African sales.
That said, the aggressive sell-off now looks overdone.
This secret made these three men multi-millionaires
Over half a ce... ››› more
Earlier today, Pioneer Foods released an update about its results for the full-year to the end of this month.
The release contained an earnings update, which came in way below analysts' expectations.
Disappointed investors have punished the share lower today.
Let's take a closer look at why the market didn't receive Pioneer Foods' update well…
The market wasn’t impressed with an... ››› more
On the 22nd of January 2014, I told you that I expected the JSE Food Producer index to drop down 10%.
Since then, it's dropped 9.3% in just two months, which is 0.7% shy off that critical level I expected it to hit.
But now, it looks like there's a change in direction where we could be seeing a Food Producer index recovery!
Let me explain…
I expect the JSE Food Producer index to sho... ››› more
Dear Money Morning reader,
Food companies fundamentals are looking very bleak.With higher input costs, job cuts, tougher competition and much higher consumer prices, this is putting strain on the companies share prices.
Last week, I sat down to do analysis on the Food Producing Index, and I was struck by this reversal pattern.
Looking at the charts, you can expect the Food Producers Inde... ››› more
Earlier today, Pioneer Foods said that it's cutting jobs in a bid to cut costs. The food manufacturer is struggling in an economic climate where many consumers are feeling the strain. Let's take a closer look at what's going on at Pioneer Foods...
The CEO of Pioneer Foods, Phil Roux, revealed today that it is to cut jobs “as part of a restructuring process to reduce costs,” reports Fin24. Th... ››› more
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