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April 21st, 2008

SpeculatingStocks.com Stock Pick: Zhongpin, Inc. (HOGS)

Stock Price: $10.80

Zhongpin, Inc. engages in the meat and food processing operations in the People's Republic of China. The company primarily offers chilled and frozen pork products, pig by-products, and meats, as well as prepared meats, such as sausages, hams, and Chinese cured hams.

We believe HOGS could be ready to run just as FEED (a food processor in China) moved from the $12.00 level to the $19.00 level the last several days. HOGS is starting to receive a lot of attention and we believe investors will look at HOGS as the next FEED.

HOGS is about to break through its 50-day moving average at $11.07 and its 200-day moving average at $11.48. We are confident HOGS can move higher in the short-term.

HOGS has a nice chart and could top out at $13.00 or even $14.00 with a 52-week high at $15.47. HOGS has strong fundamentals backing it with revenue of $291.37 million and net income of $18.52 million last year. HOGS is trading at a market cap of only around $283.76 million.

HOGS has a float of only 18.45 million.

 

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