Continental Grain is the second largest shareholder. They had been after the management to break it up into several entities. Seems as though the parts were worth more than the whole. Instead, management made a deal to sell it as a whole to the Chinese, but retain their own jobs for a period of time. True, they paid a 31 pct. premium for the stock, but what do you want to bet those same management folks exercised a bunch of stock options this morning. I'm all for making a profit. It just makes me mad to see another of our iconic American brands fall into foreign ownership. Doubly so, because this was and old Virginia company, and I'm an old Virginian! LOL!
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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