Jan. 28 at 6:33 PM
$SFD China’s WH Group (
$WHGLY), formerly known as Shuanghui International, acquired Smithfield Foods (
$SFD) in 2013. Despite the recent downturn in WH Group's stock, trading now at
$15.55, Smithfield remains under their ownership and continues to operate in the U.S. Even with the struggles of this IPO, it's debatable if the stock was ever priced correctly or if it’s still overvalued. Some argue that WH Group is undervalued overall, but I’m not pulling out my calculator to figure that one out. Personally, I’d take the true value of
$SFD with a grain of salt ; definitely not seeing it at
$20 a share.