Why I am still bullish on AgFeed Industries when no one else is...
(FEED)'s share price is getting slaughtered like a pig and I am just buying the crap out of it's downfall. It's being slaughtered like a PIG!
But I am bullish on this stock for several reasons:
1) The Negativity about Hog and Feed prices concerns mostly short-term issues:
A) Olympics They end next week!
B) China's continued dumping of pork from their strategic reserves: These reserves are not infinite and China is going to stop dumping or at least slow the pace down at some point near term. So.. again? Who cares.
2) The Negativity about Exports of Pork flooding into China contributing to price declines along with a whole host of other things....
I think that has little impact when you take away the Olympics and China's Strategic Reserve Dumping.
Ultimately, I see all of this negative crap on my stock as nothing for me to be concerned with.
I Really don't. So.. I'll just suck in my chest and see what 2010 looks like for FEED.