"Sterling Song, investor relations manager at Zhongpin Inc, a top pork supplier listed on Nasdaq, said that production cost has risen by at least 20 per cent to 30 per cent for the industry this year, labour being a major cause, even though most pig farmers live in the countryside and employ nearby workers.
'This is abnormal. This is the biggest increase I've seen in recent years,' said Mr Song."
Re-analysis yields a 30% drop in targets (worst case scenario) A conservative analysis @ 15% projected Sales & EPS growth for the next 5 years. The 5 yr. est. high price = $48.00 (value line 4/29/11 predicts $35-$55) OLD *Buy zone = $7-$17 Hold zone = $17-$38 Sell zone = $38-$48 **OLD