Alright, I'm over the IBM/Sun Deal, so it's time to bring back my "A" game and show the market "what is up". I bring you ladies and gentleman, FEED. AgFeed Industries, Inc. (AgFeed) is engaged in the research and development, manufacture, marketing, distribution and sale of pre-mix fodder blended feed and feed additives primarily for use in China's domestic pork husbandry market. The stock just broke $2.50 resistance and is about to sky rocket (at least the voices in my head are telling me so). Their business is not as cyclical as people think and its based in China, probably the best economy going. The firm has about $0.40 in cash, representing a net cash per share level of 15%. In addition, I value the company to have about $4 per share of assets alone. This is ridciously undervalued and it based similar metrics, as of my purchases of CENX, SHWC, and TTWO. If we pull back, it will suffer but I will buy more. I will be buying tomorrow and on dips. As for a price target, I think this thing can print $4 on a low end and $7 on the high end. Below is a link on the last earnings report. Remember all of this is not for recommendations but for research ideas and discussion, please review and lets all discuss.
Looks like a nice pennant forming on that chart
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