Replies to post #1 on Tianli Agritech (OINK)

[throwerw]

with that extra 12 mil from the IPO, they could double their operations pretty quickly. This is another one of those companies that is going to continue to do well for a long time because their competition is so weak. 75% of hogs in china come from small farms that sell less than 100 hogs per year. OINK is one of a handful of farms that sells over 50,000 and sells 110,000 annually. The largest hog farms in America produce a lot more than that.

http://www.nrdc.org/water/pollution/factor/stuta.asp

Using current ROE, book value might look like this

Dec 10 - 30
Dec 11 - 45
Dec 12 - 66
Dec 13 - 100
Dec 14 - 150

By the end of 2014, they could be producing over 1 million hogs per year

OINK's margins are way better than the processors, HOGS and ENHD. Does that make it any easier to vertically integrate downstream than upstream?