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