FEED is the biggest hog producer in the country that consumes more hogs than the rest of the world combined. If you gave this highly profitable hog producing business away, FEED would be left with a very profitable premix business. This premix business is worth more than FEED's ridiculously low market cap. This is an opportunity of a lifetime. These opportunities only come along when there's blood in the streets. People who have the confidence to jump in now will be rewarded.
FEED will grow earnings 30-50% per year for the next 5 years. In 2009 FEED estimates they will earn $1.79 per share (I believe this is conservative as they have met or exceeded their guidance). With their earnings growth FEED should have a PE around 30. Assuming a screaming bargain PE of 10, FEED is priced at $17.90 per share. With a PE of 20, still a bargain, FEED is priced at almost $36 per share.
In 2009 FEED will have forward earnings easily over $2.3 for 2010. When the overall stock market regains its sanity sometime next year (and the damage from politicians making empty promises is done), it is possible for FEED's PE to approach 30 again. This would give FEED a share price of almost $70. I don't want to look beyond 2010 at this point but it's likely FEED will have room to run after that.
Therefore FEED can be a 10 bagger by this time next year. It certainly will be a 10 bagger by 2010. This is why I say FEED is an opportunity of a lifetime.
I know its tough but keep the faith. Unless you sell you will not lose with this stock.