020102 Goldman Starts Smithfield as “Outperformer”January 3, 2002 Chicago - Goldman Sachs said it has initiated coverage on No. 1 pork processor Smithfield Foods Inc. as a “market outperformer,” saying it thinks earnings growth will slow in fiscal 2003.“However, we still believe that the stock presents an attractive investment opportunity for more long-term oriented investors, particularly given the company's longer-term growth opportunities in value-added processed meat products,” Romitha Mally, food industry analyst, said in a research note. The stock closed Wednesday at $22.50 a share.
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