The company had traded earlier in the year 2007 @ $10-12 per share. However, the company in August-October failed to close several scheduled acquisitions. The Board changed internal management and has corrected course. The company is forecaste to earn $.50 a share in 2008. Yahoo has a December 2008 projected price of $13.00.
Due to poor execution the stock held a heavy short position and was pushed to low $5 range in November. The stock moved up based upon the markets bias for ag stocks in recent trading when Ag became in vouge.
The stock began to move up late on the afternoon of January 3 and bounced $3 caused by short covers on Friday, January 4. The stock may pull back early Monday since it is most likely over bought and should back fill on a chartist basis. This may be a good ntry point.
Believe based upon projected 2008 earnings the stock is severally under priced to the rest of the Ag sector stocks. Do your Due Diligence don't take my word and invest appropriately. This is a very hazardous market. Other companies that are performing well are getting blown away such as SDTH and INAP.