DALLAS, July 8, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring AgFeed Industries Inc. (Nasdaq:FEED). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/FEED
FEED is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
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 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). On June 24, 2008, the Company acquired the largest premix feed company in China, Hainan Hopejia Feed Co.
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In the report, the analyst notes:
"FEED recently announced its results for the first quarter of 2010. Revenue for the first quarter reached $52.9 million, an increase of 58% compared to the first quarter of 2009. Production volumes increased by 24% in the Company's hog division and 119% in the animal nutrition division, as compared to the same period in 2009.
"FEED recently announced an agreement on terms for the stocking of the first phase of the Xinyu production pod starting in the fourth quarter of 2010 with PIC (Pig Improvement Company), a division of Genus PLC. This stocking will include 16,800 high health-breeding females and the Grand Parent stock to create a closed herd multiplication (CHM) system. The CHM system is the best system available in China for maintaining high health production units."
To read the entire report visit: http://www.microstockprofit.com/lp/FEED
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