Tianli Agritech (Nasdaq:OINK) Awarded Sales Contracts, Shares Surged
Posted in the Macclenny Forum
Since: Sep 13
#1 Oct 3, 2013
Tianli Agritech, Inc.(Nasdaq: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.
Share price of OINK stock surged on thursday after the company 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.
Shares of OINK closed at $1.30, up $0.28 or 27.45%, with over 1,115,000 shares traded on thursday's activity.
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.
Full article at http://drstockpick.com/26439/stock-alerts/tia...
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