Meat stocks on the rise

Filed under: Business — Tags: — @ May 24, 2004

Meat-heavy stocks are seeing huge increases thanks in part to low-carb diets. One example is Smithfield Foods Inc. whose stock hit a 52-week high last week. Smithfield Foods is the nation’s largest producer of pork.

Besides the boom-times for meat companies, stocks in high-carb co’s are suffering. The best example is Krispy Kreme Doughnuts, who blamed low-carb dieters for a recent profit adjustment. Stock in KKD has dipped to a three-year low, and the company has even been sued by investors over carbs.

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