AgFeed Industries, Inc. (NASDAQOTH:FEED)
Through its operating subsidiaries in China, AgFeed is a leading manufacturer, marketer and distributor of premix animal nutrition products targeting China's growing animal feed market.
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22cents. Cheap
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If FEED has come reasonably clean about its accounting scandal, selling a few piglets in 2012 will go a long way in establishing credibility.
The acid test for the survival of this company will be whether the currently pending deal closes. I am relying on the seller's due dilligence.
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Fraud!
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They're making money! Way undervalued, i just aquired 20,000 shares at 85 cents. Cheeeap!
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Oversold, should bounce back.
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New management and adapting US methods for production.
I own this stock @ $ 1.65.
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Though the market is fearful of all stocks Chinese, we see AgFeed actively buying and selling products here in the USA. It sure looks and acts like a real corporation but is priced low. So, I added 750 shares to my portfolio, thanks to some fearful sellers.
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Last year the company lost 48 cents / share.
FEED is expected to turn a profit this year. ( 8 cents /share)
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Tracking portfolio for China based companies that gained listings on US exchanges (Nasdaq, NYSE, or Amex) after conducting reverse mergers. Stocks that have been delisted have been omitted. Start date: Jun 24, average P/E of these companies: 3.
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Looks like they're starting to gain their momentum again!
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beaten down too far--china needs food
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Bought this back in Sept 09 when it was at $5.68, and now it's lost 80% of its value. Now it's not even worth selling it's worth so little (good thing I didn't buy a lot). I realize production costs have gone up, but they haven't figured out a way to get around this, so I have no reason to believe it will go up substantially in the near future.
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If the numbers are true there should be profit here.
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Its a bad company with bad managment
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Look at the future earnings. If they are even half right, this is a great pick.
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Everything is going wrong with this company. The stock price is declining without any support. There is the threat of fraudulent accounting. It may be delisted.
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This is a tracking portfolio of all CAPS-ratable tickers in the Chinese RTO/SPAC space (i.e., companies that listed without filing an IPO).
AgFeed Industries, Inc. went public via a reverse merger in 2006. The company is based in China.
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Great analysis
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seems very undervalued. however, pork is somewhat of a luxury in china. if food prices continue to rise, pork consumptions seems set to diminish. also what about the costs? with increasing grain prices, the cost of production will be higher. Not completely sure on this one. But willing to give it a whirl.
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