Seaboard Corp V.SEB

Primary Symbol: SEB

Consumer Defensive Packaged Foods

Seaboard Corporation is primarily engaged in hog production and pork processing; commodity trading and grain processing; cargo shipping services; sugar and alcohol production, and electric power generation. Its segments include Pork, CT&M, Marine, Sugar and Alcohol, Power and Turkey. Pork segment primarily produces and sells pork products to further processors, foodservice operators, distributors and grocery stores. CT&M segment is engaged in agricultural commodity trading, processing and logistics business. Marine segment provides cargo shipping services in the United States and 27 countries in the Caribbean and Central and South America. Sugar and Alcohol segment operates an integrated sugar and alcohol production facility in Argentina. Power segment uses two power-generating barges for its operations: Estrella Del Mar II and Estrella Del Mar III. Turkey segment operates Butterball, which is an integrated producer and processor of conventional and antibiotic-free turkey products.

NYSEAM:SEB - Post by User

Seaboard Corp > Corporate Update: Payment of Convertible Interest-in-Kind

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Comment by mjh9413on Jun 26, 2022 11:44pm

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Post# 34783716

RE:Corporate Update: Payment of Convertible Interest-in-Kind

SEB has IMHO put itself in hock to the Co-operators, with borrowing and potential additional debt, not forgetting the interest and other 'fees', an albatross around its neck from which it will never be able to escape. I'm glad I bailed when the latter was first set in motion.

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