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Profile - Thorn Apple Valley, Inc. (OTC BB:TAVI.OB)
As of 31-Aug-2001
Enter symbol:
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More Info: nothing available.
Recent Events
Aug 31Price hit new 52-week low ($0.01)
Location
26999 Central Park Boulevard, Suite 300
Southfield, MI 48076
Phone: (248) 213-1000
Fax: (248) 213-1004
Employees (last reported count): 3,100
Financial Links
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Consumer Non-Cyclical
 ·Industry: Food Processing
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 45%
·Institutional: 1% (1% of float)
(8 institutions)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Thorn Apple Valley, Inc. is a producer of processed meat and poultry products (Processed Meats). The Company engages in the production and sale of bacon, hot dogs and lunch meats, hams, smoked sausages and turkey products. The Company markets its products under premium and other proprietary brand labels including Thorn Apple Valley, Colonial, Corn King, Wilson Certified and Cavanaugh Lakeview Farms, as well as under private labels with major supermarket chains and other customers. Principal customers of the Company include food wholesalers, supermarkets, food service operations and other manufacturers located throughout the United States and in selected international markets.
More from Market Guide: Expanded Business Description

Financial Summary
Thorn Apple manufactures and sells bacon, hot dogs, lunch meats, hams, smoked sausage and turkey products. The Co. sells its products to wholesalers, supermarkets and other manufacturers. For the 40 weeks ended 3/5/99, net sales fell 13% to $354 million. Net loss from continuing operations rose from $4.4 million to $31.6 million. Results reflect lower average selling prices and unit sales, a $9.3 million international restructuring charge, a $5.1 million product recall charge and a $3.2 million bank financing charge.
More from Market Guide: Significant Developments

Officers
FY1998 Pay

Henry Dorfman, 76
Chairman
$31K
Joel Dorfman, 47
Pres, CEO
489K
Louis Glazier, 49
Exec. VP Fin. and Admin.
250K
Keith Jahnke, 44
Exec. VP of Sales
244K
Edward Boan, 48
Exec. VP Pork and Labor Relations
244K
Dollar amounts are as of 29-May-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:TAVI.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 31-Aug-2001
$0.01 
Recent Price$0.01 
52-Week High
on 4-Oct-2000
$0.094
Beta-0.24 
Daily Volume (3-month avg)1,136 
Daily Volume (10-day avg)1,000 
Stock Performance
52-Week Change-84.1%
52-Week Change
relative to S&P500
-78.7%
Share-Related Items
Market Capitalization$61.0K
Shares Outstanding6.15M
Float3.40M
Dividends & Splits
Annual Dividendnone 
Last Split: 3 for 2 on 24-Dec-1992
Per-Share Data
Book Value (mrq*)-$1.18 
Earnings (ttm)-$4.84 
Earnings (mrq)-$3.12 
Sales (ttm)$75.86 
Cash (mrq*)$0.39 
Valuation Ratios
Price/BookN/A 
Price/EarningsN/A 
Price/Sales (ttm)
Income Statements
Sales (ttm)$465.5M
EBITDA (ttm*)$1.88M
Income available to common (ttm)-$29.7M
Profitability
Profit Margin (ttm)-6.4%
Operating Margin (ttm)-2.3%
Fiscal Year
Fiscal Year EndsMay 29
Most recent quarter
(fully updated)
5-Mar-1999
Most recent quarter
(flash earnings)
28-Feb-1999
Management Effectiveness
Return on Assets (ttm)-12.26%
Return on Equity (ttm)-118.09%
Financial Strength
Current Ratio (mrq*)0.36 
Debt/EquityN/A 
Total Cash (mrq)$2.40M
Short Interest
As of 8-Mar-1999
Shares Short0 
Shares Short
(Prior Month)
119.0K
Daily Volume35.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 28-Feb-1999, except mrq*/ttm* items as of 5-Mar-1999)

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