Jul
16
2010
AgFeed Global Hunter Securities Presentation
Here’s a link to download the PDF file for AgFeed Inc’s presentation given this week in San Francisco. The main theme to note is that they are continuing to integrate the full hog production cycle (womb to tomb) to realize maximum profit margins. They are estimating full-year revenue for 2010 to come in at about $200-205M. This is roughly a 15% increase from last year’s $173M number. For full-year 2011 they are currently projecting $295M or so. So from 2009 you’re looking at a projected 30%+ CAGR. I doubled up on my FEED position earlier this week at $3.06 (average price of all positions is now $3.22/share).
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