Nov. 25, 2009 (GlobeNewswire) --
DALLAS, Nov. 25, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring AgFeed Industries Inc. (Nasdaq:FEED). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on AgFeed Industries Inc. (Nasdaq:FEED) should be of particular interest to comparable food manufacturing companies: Kraft Foods Inc. (NYSE:KFT), Tyson Foods Inc. (NYSE:TSN), and ConAgra Foods Inc. (NYSE:CAG).
The full report is available at: http://www.stockpreacher.com/n/FEED
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AgFeed Industries Inc. (FEED) is engaged in the research and development, manufacturing, marketing, distribution and sale of pre-mix fodder blended feed and feed additives primarily for use in China's domestic pork husbandry market. FEED operates through wholly owned subsidiaries, Nanchang Best Shanghai Best, Guangxi Huijie, Shandong Feed and HopeJia.
Message Board Search for FEED: http://www.boardcentral.com/boards/FEED
In the report, the analyst notes:
"Balance sheet was strong; cash and cash equivalents on hand at September 30, 2009, was $36.5 million, an increase of $5.6 million in the third quarter of 2009; the current ratio was 5.47:1 at September 30, 2009; total assets were $157.9 million and book value was $142.8 million at September 30, 2009.
"FEED announced in mid-September that it has entered into a two-year Equity Credit Agreement with an institutional investor pursuant to which it may, from time to time, sell shares of its common stock to the investor for aggregate gross proceeds of up to $50 million. The shares would be sold to the investor at a slight discount to then-current market price of FEED common stock. The Company has no obligation to sell, nor does the investor have any right to force the Company to sell, to the investor any shares of its common stock at any time during the term of the agreement. Additionally, the Company is not prohibited from accessing other sources of financing at any time during the term of the agreement. ..."
To read the entire report visit: http://www.stockpreacher.com/n/FEED
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