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  • yourdeadmeat69 yourdeadmeat69 Jul 14, 2011 11:18 AM Flag

    Zhongpin's Song Misquoted Out of Context

    Thank you Mr Grey. Again, it is a total industry issue, not endemic specific to Zhongpin, and in no way indicates anything other than the Chinese government needs to subsidize farmers instead of stockpiling frozen pork, in order to lower the price to consumers.

    Much like Netflicks, the folks who buy that packaged stuff are not going to like the pricehikes at retail that will ensue, but the only alternative is butcher your own, and the middle class of Chinese have yet to even taste the issue.

    My bet is, the costs of labor notwithstanding, the margins may be squeezed about four percent, but the price of HOGS already reflects the slowdown and the inflationary levels of efforts.

    I am out of dry powder at $10.27 this morning, I couldn't wring in the covered calls I sold and carve out some new shares fast enough.

    There's always tomorrow.