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StevenRisk

11/11/10 1:39 PM

#2383 RE: pappy #2382

Pappy I would be disappointed with $10 Mil for Q3. We did $8.2 Mil last year q3 and that would be a 21% growth not up to snuff to the 30% growth expectations we are accustomed to. In the event margins are increasing from Q2's 38% I will be very happy with the 1st 10 MIl QRT.

However, as I have already said more than once my expectations are for $11Mil for the QRT with earnoings of .138 per share.

I'm also convinced that hog numbers are going to be a complete blowout. If that happens, obviously net income will also exceed my normal optimistic forcasts.

Bottomline, the margins are my biggest concern. They could come down if hog feed and the feed division does as I expect.

Feed will give cigs a run for their money next year and possibly command 30% of sales.

Q4... is gonna be much bigger!