160 likes | 293 Vues
Welcome to the Investment Competition! Join us on April 25, 2011, for a meeting focused on AgFeed Industries, a manufacturer and distributor in China's animal nutrition market. Applications for officer positions are due by May 6, and you can submit your resume via email or in person. We'll discuss AgFeed's recent strategic changes, including their new leadership and restructuring efforts aimed at profitability. Don't forget to bring your laptops! For more info, visit our website at ccig.osu.edu.
E N D
Welcome! April 25, 2011
Agenda Officer Applications Investment Competition ThinkorSwim Stock Pitch
Officer Transition Applications due May 6th Include Resume Bring to meeting or email to ccigosu@gmail.com
Investment Competition Update http://simulator.investopedia.com/Ranking/ Can still join!
FEED AgFeed Industries
Stock Pitch Manufacturer, marketer and distributor of premix animal nutrition products targeting China's growing animal feed market (primarily hogs) Trading at $1.75 Market Cap of ~$100 million P/E negative Why Buy?
Strategic Changes Appointed John Stadler as the Company's Chairman and Interim President and Chief Executive Officer; Appointed Edward Pazdro as the Company's Chief Financial Officer; Appointed McGladrey & Pullen, LLP as the Company's auditor; Deployed managers and executives from its M2P2 subsidiary to lead the restructuring and return to profitability of the legacy Chinese hog production system; Commenced the closing of eight legacy Chinese hog farms considered to be of a configuration and quality that they were deemed incapable of meeting AgFeed's long-term operating benchmarks; Reduced overall headcount from 1,843 to 1,673.
“While we are pleased with the continued operating excellence demonstrated by the performance of both our animal nutrition business and our U.S. hog production business, the performance of our legacy Chinese hog production system is unacceptable.” “The team at M2P2 has demonstrated great success in executing our U.S. business plan and has positioned us to pursue growth opportunities that present themselves domestically. This team is now fully engaged in leading the restructuring and execution of operational changes to return our legacy Chinese hog production system to profitability.”
http://sec.gov/Archives/edgar/data/1331427/000114420411017555/v216291_8k.htmhttp://sec.gov/Archives/edgar/data/1331427/000114420411017555/v216291_8k.htm http://www.fool.com/investing/dividends-income/2011/04/06/the-15-most-watched-food-product-stocks.aspx
Ray Cesca http://www.agfeedinc.com/news/agfeed-industries-inc-announces-appointment-of-raymond-m-cesca-as-president Most recently, Mr. Cesca served as Managing Director of World Trade for the McDonald’s Corporation where he was a leader of their global expansion.
Thanks! • What are your questions?