Chinese Hunger for Meat - Zhongpin Inc.

The Chinese demand for meat has been growing rapidly as individual income have been growing.  Therefore it is worthwhile to look at company like Zhongpin Inc. (Nasdaq: HOGS), a meat and food processing and distribution company with over 390 meat products.  As the sixth largest meat producer, the company serves customers like Wal-Mart, KFC and McDonalds and even export it's meat products to Europe, Hong Kong, Japan, and South Korea.  


Both the company's revenue has been growing rapidly from $291 million in 2007, $539 million in 2008, $726 million in 2009 to $946 at the end of 2010.  However the company's stock has not been doing well this year, losing about 50% already at the moment from little over $20 per share in January to $10.15 at the moment.  Based on recent heavy volume it's a good indication that smart money recognized the value of the company and began to snatch up shares at a discount.