China Tracker - Details for Agfeed Industries (FEED)

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 Agfeed Industries
Shares Outstanding (MRQ): 57.99 mill
New Shares / Dilution (TTM): 12.77 mill28.25% 
New Shares / Dilution (since Dec 31, 2008): 26.27 mill82.84% 
Cash (MRQ): 9.20 mill0.00%
Account Receivables (MRQ): 28.67 mill0.00%
Account Receivables (Q/Q): + 6.80 mill  
Long-Term Debt (MRQ): 68.68 mill0.00%
Revenue Growth (Q/Q): -6.53% 
Revenue Growth (Y/Y): 100.02%
Net Income Growth (Q/Q): N/A (LOSS) 
Net Income Growth (Y/Y): -245.29%
EPS Growth (Y/Y): -213.28%
Net Margin (Q/Q): -1.7% (-8.2%)6.60% 
Net Margin (Y/Y): -1.7% (2.3%)-4.00% 
EPS | P/E (2 MRQ Projection): -$0.340.00 
CFPS | P/CF (2 MRQ Projection): -$0.390.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: McGladrey & Pullen
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2006-10-31 
Uplisting to Senior Exchange: on 2007-08-29 at $8.25 (-100.00% since Uplisting)

 Business Outlook

Recent Chain of Events:
2012-09-24 -- Last SEC Filing
2012-07-27 -- CFO Resignation
2012-04-18 -- CEO Appointment
2012-02-10 -- Delisting from NASDAQ
2011-12-19 -- Trading halted by NASDAQ
2011-12-16 -- CEO Resignation
2011-08-09 -- Last Quarterly/Annual Report: Q2/FY2011 ended June 30, 2011

(Source: Trading China, 2012-09-30)

The Company also announces that it has entered into separate non-binding letters of intent to acquire Pine Ridge Farms, LLC and Kansas City Sausage Company, LLC. It is expected that the combined businesses will add over $180 million of annualized revenue and over $13 million of EBITDA to the Company's results. These acquisitions represent AgFeed's entry into the harvest and processing segment of the pork business and will provide the base of human resources necessary to expand this business and develop this segment of our business as an adjunct to the western-style hog farms under development in China. This processing capability is the necessary precursor to the Company's global market strategy.

"Our vision is to align global production resources to supply safe pork and pork products to the consumer through our branded pork processor customers. These executive changes and acquisition opportunities represent the natural progression of the strategic direction initiated during the spring of 2010, and first fully visible through the acquisition of M2P2, to develop an integrated, controlled, production system that would allow us to capture earnings throughout the international hog/pork production process."

(Source: PR Newswire, 2011-07-15)

Our team of hog production professionals that were deployed in the past months to focus on turning around our legacy Chinese hog production system has made significant strides in closing and liquidating facilities that could not meet our standard production metrics while at the same time moving rapidly to bring appropriate operating discipline to the remaining legacy assets. This work is not yet complete. However, we expect that we can return the legacy system to profitability later this year. The performance of our animal nutrition unit was disappointing. The size of the nation-wide Chinese hog herd is down which has impacted demand for our nutrition products. More importantly we were unable to pass along the rapidly increasing cost of grains in real time.

(Source: PR Newswire, 2011-05-10)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-05-06Rodman & RenshawReiterationOutperform$4.00
2011-02-15Rodman & RenshawReiterationOutperform$6.00
2010-12-02Rodman & RenshawReiterationOutperform$6.00
2010-11-10Rodman & RenshawReiterationOutperform$6.00
2010-10-18Rodman & RenshawReiterationOutperform$7.00

    see all Analyst Ratings

 Recent Financings
2009-06-26Filing$50.00 mill--

 Investor Presentations
2011-07-18 (HTML)   VIEW
2010-11-29 (HTML)   VIEW
2010-09-13 (HTML)   VIEW
2010-07-12 (HTML)   VIEW
2010-05-18 (HTML)   VIEW
2010-03-16 (HTML)   VIEW
READ: Score Cards Explained
DETAILS: Safety/Risk Model for FEED
Current Price:  n/a
F10k Day (2007-01-05): -100.00%$2.00
2009 Close: -100.00%$5.00
2010 Close: -100.00%$2.94
2011 Close: -100.00%$0.39
High (2012-09-11): -100.00%$0.80
Low (2012-05-30): -100.00%$0.01
Market Capitalization: n/a
Total Shares: 57.99 mill
Float: n/a
Avg Volume: 900.70 k
Short Interest: 2.06 mill
Short Ratio: 4.19%2.3 d
Last Quarter: 2011-03-31
Revenue (MRQ): 92.99 mill
Net Income (MRQ): -1.55 mill
Op. Cash Flow (MRQ): -5.70 mill
all financial data provided without warranty