Gruma (NYSE: GMK) has lost only 0.68% or $0.06 to settle at $8.76 with a light volume of 21,760. The company has a P/E ratio of 14.9, earnings-per-share for the last 12 months of $.59 and a market capitalization of $1.20 billion. The stock's one-year target estimate is $8.63 as the company already surpassed that mark by reaching its 52-week high of $9.50.
GRUMA, S.A.B. de C.V. (GRUMA) is a holding company and conducts its operations through its subsidiaries. GRUMA is a producer and distributor of corn flour, wheat flour and tortillas in the United States, Mexico and Venezuela. The Company has operations in Mexico, United States, Europe, Central America, and Venezuela.
Cresud (NASDAQ: CRESY) has lost 0.73% or $.13 to settle at $17.67 with a moderate volume of 109,800 shares. Company has a market capitalization of $877 million and a steady P/E ratio for the past trailing 12 months of 22.37. It has earnings-per-share for the past twelve months of $.79 and also pays a dividend of 1.8% with a one-year target estimate for its price of $21.70.
Cresud Inc. is an Argentina-based company. The Company is engaged in the production of basic agricultural commodities with presence in the Brazilian agricultural sector, through its investment in BrasilAgro-Companhia Brasileira de Propiedades Agricolas (BrasilAgro), as well as in other Latin American countries. The Company is involved in activities, including crop production, beef cattle production and milk production.
Seaboard (NYSE: SEB) has gained 1.72% or $39 to settle at $2309 a share with a light volume of 797 shares traded. I think the stock is falling Warren Buffet's Berkshire Hathaway in not paying dividends and climbing its way to the $100,000 mark. Who knows? Currently the stock has a relative strength index of 76, which is quite overbought at this level, but the stock has been making nice moves on top of its 50 day moving average of $2039.
Seaboard Corporation (Seaboard) is a diversified international agribusiness and transportation company. In the United States, Seaboard is primarily engaged in pork production and processing, and ocean transportation. In overseas, Seaboard is primarily engaged in commodity merchandising, grain processing, sugar production and electric power generation. As of December 31, 2009, Seaboard had six operating segments: Pork, Commodity Trading and Milling, Marine, Sugar, Power and Other Businesses. In December 2010, the Company acquired a 50% interest in Butterball, LLC.
China New Borun (NYSE: BORN) has been on a downtrend for quite some time now as it dropped another 5.74% or $.70 to settle at $11.49 a share with a moderate volume of 436,795. The company has a market cap of 295.6 million and a P/E ratio of 6.67 for the past 12 months with an average earnings-per-share of $1.72.
Company produces and distributes corn-based edible alcohol in China. China New Borun sells directly its products and ingredients to producers of baijiu, an alcoholic beverage made from grain.
China Agritech, Inc. (NASDAQ: CAGC) has plummeted 19.22% or $1.77 to settle at $7.44 a share with an increased volume of 2.8 million shares. The company has a market capitalization of $154 million, a P/E ratio for the past 12 months of 20.38 and an earnings-per-share of the last 12 months of $.37.
China Agritech, Inc. is a holding company. Through its subsidiaries, the Company manufactures and sells organic liquid compound fertilizers, organic granular compound fertilizers and related agricultural products in the People's Republic of China. Its direct and indirect subsidiaries include Anhui Agritech Development Co. Ltd.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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Running Low on Corn Supply?: GMK, CRESY, SEB, BORN, CAGC