Pilgrim's Pride files for bankruptcy ...

Pilgrim's Pride files for bankruptcy protection

There are 2 comments on the Poultry Times story from Dec 5, 2008, titled Pilgrim's Pride files for bankruptcy protection. In it, Poultry Times reports that:

Pilgrim's Pride Corp. filed for Chapter 11 bankruptcy protection on Dec. 1, hurt like other meat producers by volatile feed prices and slumping demand but also hobbled by an unmanageable debt load.

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Lao Tzu

Spokane, WA

#1 Dec 5, 2008
So the company has 100 billion in assets? Why bankruptcy?
NorthHouston

Houston, TX

#2 Dec 5, 2008
"Assets"...but insufficient cash...and credit is tight. However, the company, its management, facilities, brand, and market are good. It should recover.

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