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Old 07-21-2008, 04:02 PM
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Re: Pig out on "HOGS"?

Personally... I need to see several years of financial statements before I can buy a company, and I didn't find it. I'd like to see a stronger balance sheet, among other things. How much cash is the company earning?

At first glance...
The company seems to have good growth, and in relation to price, it's very good. It also seems to have an easy-to-understand business. Also, Chinese people will probably eat more meat as the population is getting richer.

According to the annual report, it has had an annual revenue growth of 77 percent over a five year period. If this company in addition can produce a lot of free cash flows and sustain even half of that growth, this company would be worth much more than the current price today.
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