Website: N/A
Stock Symbol: AMEX: CGL/A
Market Value: N/A (in millions)
Cagle's, Inc. (the "Company"), which began business in 1945 and was first
incorporated in Georgia in 1953, and its wholly owned subsidiary (Cagle's Farms,
Inc., formerly Strain Poultry Farms, Inc.) produce, market, and distribute a
variety of fresh and frozen poultry products. The vertically integrated
operations of the Company consist of breeding, hatching, and growing of
chickens; feed milling; processing; further processing; and marketing
operations. The Company's products are sold to national and regional
independent and chain supermarkets, food distributors, food processing
companies, national fast-food chains, and institutional users, such as
restaurants, schools, and distributors, by the Company's sales staff located in
Atlanta, Georgia, and through brokers selected by the Company.
Dispositions
The company sold its 30% interest in an unconsolidated affiliate for $28,000 on
August 15, 2006 and recorded a gain of $18,323 as other income.