Tianli Agritech (OINK) Shares Jumped on News
Posted in the Giddings Forum
Since: Sep 13
#1 Oct 3, 2013
Shares of Tianli Agritech, Inc.(Nasdaq:OINK) closed at $1.30, up $0.28 or 27.45%, with over 1,115,000 shares traded on thursday's activity.
OINK reported that its operating subsidiary, Hubei Tianzhili Breeder Hog Co. Ltd.("Tianzhili"), had signed one-year sales contracts with eight hotels and restaurants in Wuhan City, Hubei Province.
Among the eight new customers for the Company's Tianli-Xiduhei(TM) black hog meat cuts are three hotels WuLingNianDai, DongXin, and Citizen and five restaurants NongJiaXiaoYuan, ChuYuWang, ShuiMoRenJia, CuiZhuYuan, and XiaXingTianXia.
According to the company, as its distribution network continues to expand at a fast clip, it is increasingly excited about the growth prospects of their black hog program and its retail business; this, combined with the recovery of pork prices in recent months, sets the stage for continuing top-line growth and OINK's return to profitability in coming quarters.
OINK is in the business of breeding, raising and selling breeder and market hogs in China and is developing a retail channel for its pork products including high-value, black hog meat.
More about Tianli Agritech, Inc.(Nasdaq:OINK) at www.tianli-china.com
Full article at http://drstockpick.com/26439/stock-alerts/tia...
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