DALLAS, Oct. 13, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring organic fertilizer maker Converted Organics Inc. (Nasdaq:COIN). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Converted Organics Inc. (Nasdaq:COIN) should be of particular interest to other agricultural chemical companies: Terra Industries Inc. (NYSE:TRA), The Mosaic Company (NYSE:MOS), Intrepid Potash Inc. (NYSE:IPI) and Agrium Inc. (NYSE:AGU).
The full report is available at: http://www.stockpreacher.com/n/COIN
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Converted Organics Inc. (COIN) is engaged in the production of high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The Company uses its proprietary High Temperature Liquid Composting (HTLC) system, a proven, state-of-the-art microbial digestion technology, to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality.
Message Board Search for COIN: http://www.boardcentral.com/boards/COIN
In the report, the analyst notes:
"COIN reported revenues from sales of its organic fertilizer products and tip fees of $1,484,203 for the first half of 2009. This represents a 51% increase over the same period in 2008. For the second quarter of 2009, the Company posted revenues of $992,364, an increase of 50% compared to the second quarter of 2008. ... The Company's products are sold and distributed in agribusiness, turf management and retail markets. In addition to product sales, the Company derives revenue from tip fees. Waste haulers pay the tip fees to the Company for accepting food waste generated by food distributors, such as grocery stores, produce docks, fish markets and food processors, and by hospitality venues, such as hotels, restaurants, convention centers and airports.
"COIN recently reported additional re-orders for its organic fertilizer products, reflecting the growing importance of its products among agricultural growers. On October 2, the Company announced it continues to receive re-orders for its organic granular and liquid fertilizer products, in particular from cranberry growers in the northeast."
To read the entire report visit: http://www.stockpreacher.com/n/COIN
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