Word: conagra
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Dates: during 2000-2009
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Kraft isn't alone in having suffered technical difficulties. Food giant ConAgra, which successfully produces trans-fat-free margarine spreads, has found stick margarine an intractable challenge. And trans-fat-free pie crusts, says director of product development Patricia Verduin, were as dense and chewy "as wonton wrappers." After 18 months, ConAgra has managed to strip several of its products of the offending fats, most notably its Kid Cuisine line. The customer response? Not a word. "The best reaction," notes Verduin, "is no reaction...
Product developers at major fast-food chains are tinkering with cooking methods that mimic the mouth-watering taste without all the artery-clogging fat. Producers J.R. Simplot, ConAgra Foods and Canada's McCain Foods are secretly developing oils for a healthier fry and introducing products like frozen wedges roasted in olive oil, rosemary and garlic. Even if those don't catch on, McDonald's and other chains are trotting out alternative side dishes like rice and yogurt. And as a last resort, there are faux fries concocted from rice flour or cornmeal...
...First are the fundamentals of the company. We like energy: Exxon Mobil, Chevron Texaco [4.4%] and ConocoPhillips [3.5%]. They have strong balance sheets and have increased their dividends. We are also looking at health care, including Pfizer [2%]. In the consumer area, companies with reasonable valuations include ConAgra...
...justification for building bigger locks is simple: time is money. Supporters, including farmers and such commodity heavyweights as Archer Daniels Midland, Cargill and ConAgra, say the time saved on a trip down the river could generate an extra nickel or dime of profit on every $2 bushel of corn floating down the Mississippi. "I produce about 100,000 bushels of grain a year, and 5[cents] on each one is a pretty good chunk of change that goes straight to my bottom line," says Gregory Guenther of Belleville, Ill. The river, 22 miles from his 1,000-acre farm...