Seeking Alpha

Shanghai regulators say test samples of chickens sold to supplies of the KFC chain (YUM) in...

Shanghai regulators say test samples of chickens sold to supplies of the KFC chain (YUM) in China indicate they may be contaminated with the potentially-harmful drug amantadine. Chicken farms in the nation reportedly treat their birds with excessive amounts of antibiotics to increase the rate they grow.
Comments (5)
  • Finger lickin' good.
    21 Dec 2012, 09:02 AM Reply Like
  • Clean 'em up, move 'em out.
    21 Dec 2012, 10:56 AM Reply Like
  • I think I read something similar before. Usual stock manipulation.
    21 Dec 2012, 12:38 PM Reply Like
  • And I'm adding to my long-term position today :)
    21 Dec 2012, 04:39 PM Reply Like
  • “We’re cooperating fully with the Chinese government’s review of two poultry suppliers who provided chicken with unapproved levels of antibiotics to KFC.....These suppliers represent an extremely small percentage of product to KFC. As such, we do not anticipate a shortage of product supply.”

     

    Since Yum stopped buying from Liuhe in August, the sell-off is unwarranted, the stock manipulation is evident and I keep my short puts strike $50. The stock is welcome to come down to that level. I will roll out the roll carpet.
    21 Dec 2012, 06:20 PM Reply Like
DJIA (DIA) S&P 500 (SPY)