Replies to post #14818 on Sino Agro Food Inc (fka SIAF)

[treit2002]

HB,

Cash balance EOY 2012 will be negligible, as SIAF will be cash flow positive starting sometime in 2013. They are not eligible to borrow enough to mimic HOGS, not that they'd want to emulate their debt ratios. But, they are beginning debt financing.

They are building a $300M - $500M book value company in the next 2 or 3 years, probably $250M EOY 2012, so that their 33% +/- margins earn $100M - $167M year, or 3x - 5x their current market cap.

EOY 2013 cash balance is an interesting question, because we don't know when they in the year they will build this earning machine solely with funds from internal operations.

But cash balances will be huge in 2014, super fortified by spin outs.