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Re: Traderfan post# 2580

Thursday, 01/13/2011 9:43:23 AM

Thursday, January 13, 2011 9:43:23 AM

Post# of 3179
You were correct. My post was more focused on top line growth which will ultimately lead to an improved bottomline. SGA should go down on a percentage basis. My point being margins will be down from historical levels with no expectation to return as feed becomes a larger part of their business. With such an accurate call what are your 2011 expectations with the limited info?

Know that we know what expectations are for Q4 cigs and the demonstrated growth in existing businesses, feed sales become much clearer for Q4 and they will be excellent.

Neutriceuticls $2.5 ($3.0 Mil)
Beverages $3.0 ($4.3 Mil)
Cigs $.285 ($1.2 Mil)
Feed $.800

I gave Neutriceuticals a 25% growth vrs year ago which is probably waay to high with growth basically flat for 2010. I gave Beverages a 45% growth being historical norms and the given is cigs. Thus we have $8.5 Mil with the remaining $3.7 Mil Revenues falling within feed and possibly raw materials. They have a pulp contraact which will probably fall in raw materials. IMO, we will begin to see feed sales go balistic and the patent expense becoming transparent with these new results. However it would be nice to see Beverages get a bulk of these sales as the margins are much better.


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