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  • chickenhatsdotcom chickenhatsdotcom Apr 9, 2010 5:41 PM Flag

    News from the company .....

    I've been massively accumulating the stock today. I've followed the company for about a year and always wondered why they wouldn't file with the SEC. Had I not been asleep at the wheel in the past couple of days, I would have seen them catching up in all of their filings. This company has $1.7 BILLION in assets and 15,000 employees and I've determined (not filed yet) that their Q-4 of 2009 numbers are $211 million in revenue and for the entire year, about .55 in EPS.

    Why all of a sudden is this monster company filing SEC reports for the past 6 years ? Well this morning I spoke with the company and learned that they're ready to expand their agricultural side of the business and will be looking for somewhere in the range of $50 to $100 million via an offering, but only after they're trading on the Nasdaq. They're currently talking to CCG (Crocker Coulson) about representing them as the company's IR firm and they're planning many investment road shows, etc. The remainder of their 10-Q's and 10-K's will be completely filed within 2 to 3 weeks and then they plan on putting out many more PR's about what the company's been up to lately and where they plan to go. I was told that they've taken a great deal of heat and rightfully so from past investors for appearing to have just dropped off the face of the earth when in fact the company is raidly growing.

    Even with the recent big run-up in the stock price, this company will soon command a very respectable P/E and I suspect that by the end of April, the stock will probably be trading somewhere around $3.50 IMO.

    I think YHGG will hit many many radars over the weekend for sure and see a very nice gap on Monday.

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