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6 pts

Opinion on  AgFeed Industries Inc. (FEED)     Sector: Consumer/Non-Cyclical  >  Industry: Food Processing
RESULTS

May 20, 2008 08:16 AM UTC

Though results were positive and further outlook great, the stock reacted bad. Maybe because of an article where the stock was rated as overvalued? (Barrons)

After 2 days of big decreases, yesterday the stock recovered drastically mid day, (to 18.20$), however the bears pulled back to 17.09$ at close.

Nevertheless, a recovery process could be started, I still believe the stock will go and exceed the 20$ level


FEED:  This call was made on 05/20/08 @ $16.6
Rating:   Positive   $16.6 (05/20/08)
Gain/Loss:   -35.48% in 109 days


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Belgian Stockpicker previously rated FEED
Positive -10.27% results coming
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