Nasdaq listed stocks under $1 are a traders delight, which is why being a pig by acquiring shares in Tianli Agritech, Inc. (OINK) could be one of the best trades you make this week. Trading well under the $1 required level, OINK stock is seeing its 3rd consecutive bullish trading session and worth an addition to your portfolio. As long as the Chinese keep making their Mu Shu Pork, this China based hog breeder could make traders who think long Mu Shu Profits.
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OINK Stock Quote
Market Cap: 7.61M
Last: 0.68 ▲ +0.09 (+15.25%)
Volume: 70,582
Open: 0.55
High: 0.68
Low: 0.55
Authorized: 50,000,000
Issued and Outstanding: 11,194,000
Hanying Li: 3,050,000 (27.25%)
1st Resistance Point: 0.7235
2nd Resistance Point: 0.7668
1st Support Level: 0.5934
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We’ve all seen it hundreds of times: A Nasdaq listed stock is trading under $1 and gets hit with the famous non-compliance ruling. Whether that happens or not, Tianli Agritech is making the moves in the Chinese market that are going to eventually return the share price of OINK back to above $1 anyway.
Two weeks ago, Tianli Agritech announced that they had signed an agreement with Zhongbai Warehouse Supermarket Co., Ltd. to sell cuts of its Tianli-Xiduhei™ black hog meat through 5 of ZHONGBAI’s warehouse outlets in Wuhan, Hubei province. Putting your pigs for sale in one of China’s leading supermarket chains, 244 warehouses, 651 convenience stores, 5 department stores, and 45 consumer electronics stores as of December 31, 2012, what do you think are the prospects of generating more sales?
During last quarter, revenues increased by only $680,113, roughly 10%, compared to the same period in 2012. From $6,706,421 to $7,386,534, the addition of Zhongbai Warehouse Supermarket Co. as a distributor of the farm bred black hog meat that Tianli so aggressively committed to spending $10 million to develop in order to raise capacity to 30,000~50,000 black hogs in 2013. With $53,517,069 in total assets (nearly $8 million in cash) and just $10,872,147 in total liabilities as of March 31, 2013, its kinda hard to not be a pig when considering a position on OINK.
About OINK Stock
Click here to view the SEC filings for OINK.
Click here to view the website for Tianli Agritech.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 06/14/13 | 0.59 | +0.02 | +3.51% | 4,900 |
| 06/13/13 | 0.57 | +0.02 | +3.64% | 35,100 |
| 06/12/13 | 0.55 | unch | unch | 1,300 |
| 06/11/13 | 0.55 | -0.02 | -3.51% | 14,100 |
| 06/10/13 | 0.57 | +0.02 | +3.64% | 6,050 |
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Bottom Line:
OINK, a Nasdaq listed penny stock, has over 40% profits embedded in it at $1. Imagine what a return to this time last year levels could mean: gains of roughly $2 at these levels. Who couldn’t be a pig on those kinds of prospects.
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