From an otherwise astounding Wall Street Journal story*:
Corrections & Amplifications:
China's annual pork consumption would increase by 11 billion pounds if China matched Taiwan's per-capita consumption rate. A previous version of this article incorrectly gave the figure as 11 million pounds.
Brings Supply Woes;
Slaking China's Thirst
AgFeed Industries, Inc is a NASDAQ Global Market listed (Stock Symbol: FEED) US public company headquartered in China. We are the largest premix feed company in China (as of the end of 2007) by revenues and intends to be the 2nd largest commercial hog producer by the total number of hogs produced annually upon completion of multiple hog farm acquisitions anticipated in April 2008. Our financial advisor is Deutsche Bank Securities, Inc.
Our 2008 sales and earnings guidance: Fllowing the completion of our $41 million financing advised by Deutsche Bank Securities in March 2008, we have provided our 2008 financial guidance as follows: revenues: $135 million; net income: between $30 million and $33 million; earnings per share (EPS): between $0.96 and $1.10 (fully diluted basis). As of March 1, 2008, we had 29,471,943 shares of common stock outstanding.
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