DALLAS, April 5, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring AgFeed Industries Inc. (Nasdaq:FEED). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/FEED
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AgFeed Industries Inc. (FEED) is engaged in the research and development, manufacturing, marketing, distribution and sale of pre-mix fodder blended feed and feed additives primarily for use in China's domestic pork husbandry market. FEED operates through wholly owned subsidiaries, Nanchang Best Shanghai Best, Guangxi Huijie, Shandong Feed and HopeJia. On June 24, 2008, the Company acquired premix feed company. On January 3, 2008, the Company acquired a 70% interest each in Wannian Xiandai Animal Husbandry Ltd. Liability Co. (Wannian), and Jiangxi Huyun Livestock Co., Ltd. On January 4, 2008, FEED acquired a 60% interest in Ganzhou Green Animal Husbandry Develop. Co., Ltd. On January 7, 2008, it acquired Gang Feng Animal Husbandry Co., Ltd. On January 9, 2008, the Company acquired a 55% interest in Yichun Tianpeng Domestic Livestock Farm, Ltd. (Yichun).
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In the report, the analyst notes:
"The Company posted revenue of $45.12 million and $117.07 million, compared to $49.43 million and $97.21 million for the quarter and nine month periods of 2008, respectively"
"FEED, one of the largest independent hog production and hog nutrient companies in China, last week announced admission to the NYSE Alternext. FEED's admission, the first cross-listing from a U.S. listed company on NYSE Alternext this year, was granted in connection with NYSE Alternext's rules that enable U.S. listed companies to use their SEC filings to gain access to NYSE Euronext European markets. FEED's NYSE Alternext trading symbol will be ALHOG."
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