Monday, January 07, 2002

Inside Stories

Over the past six months insiders at chicken giant Tyson Foods have purchased 37,000 shares of their company, versus insider sales of 3,500 shares. John McMillin, Prudential Securities equity analyst, thinks the net buying reflects positively on Tyson's plans to acquire beef processor IBP. "Insiders clearly think the bet on IBP is a good one," he opines.

Wall Street hasn't shared in that optimism. At a recent $11 Tyson's stock is not much above book value and is well off a five–year peak of $26.

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