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  • drjackcar drjackcar Dec 7, 2009 12:31 PM Flag

    not to read too much into this

    but I think the last few days should give us longs some confidence. The stock broke above its 50 dma and held a test of that level this morning.

    I still think valuation gets it to go higher. Even 13x trailing EPS for FY '09 gets the stock to $19.50. Not a bad gain from here.

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    • " Zhongpin's construction of its new chilled and frozen pork processing plant in Tianjin has been accelerated. The new facility will begin initial pork production on January 20. When all the construction phases are completed in 2010, the Tianjin plant will have an annual capacity of 100,000 metric tons for chilled and frozen pork. "

      Good timing. Sort of like opening a turkey processing plant a month before Thanksgiving/ Christmas season only better. 100,000 metric tons is a lot of piggies.