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IBDvalueinvestin (99.67)

Did some DD on a stock with sales up nearly 400% & Net income up more than 100%

Recs

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April 14, 2009 – Comments (1) | RELATED TICKERS: FEEDQ

as shown on its last earnings report. But its stock was beaten down to well under $5 before the earnings report. Its gone up nearly 60% since then but still trades at a beaten down price of $3.21, its 52wk high was $20+ before the recession hit.

(FEED) 2008 net income rose to $16.95 million, or 53 cents a share, from $6.7 million, or 25 cents a share, earned in 2007. Adjusted earnings came in at 74 cents a share. Sales nearly quadrupled to $144 million from $36 million

1 Comments – Post Your Own

#1) On April 14, 2009 at 9:42 AM, MikeBobulinski (< 20) wrote:

FEED was beaten down to less than a dollar a share.  They popped up on my TMF recommendations for the week, and I bought a small position in them for the very reasons you list above.  They appeared to me to be a company that seemed unfairly punished by the economy, and when things turn...windfall for me.

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