AgFeed Industries, Inc. (FEED)

walico (< 20) Submitted: 4/02/08 9:31 AM : Start Price: $12.30 FEED Score: -25.58

Mr Smith you need to do your homework.





1. 2007 revenues grew at more than 320% ($36.16 million)


2. Net income grew over 460% ($6.66 million)


3. Earnings per share (fully diluted) of $0.25, an increase of over


250%.


4. As ofthe end of 2007, AgFeed had approximately $7.7 million in


cash with no long term debt.


5. The Chinese government has granted the hog raising industry


perpetual income tax free status, along with government


grants and subsidies


6. Mr. Robert Rittereiser became the Chairman of AgFeed's


Advisory Board and joins Mr. Edward McMillan, both notable


Wallstreet figures.


7. Agfeed has estimated revenues to be about $135 million


net income is estimated to be between $30 to $33 million over


2007.


8. Earnings per share (EPS) on a fully diluted basis would be


between $0.96 and $1.10 ( a far cry from 50+ P/E)


9. This does'nt take in effect a favorable foreign exchange rate


10.Agfeed's revenue projections are based on a conservative


model of RMB8 per half a kilo, below the current live hog market


price of more than RMB9 per half a kilo.





Thank you for the platform.


walico

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