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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
Home / Markets / Industries / Health Care
Tuesday, June 17, 2008
Animal Health International, Inc. Receives Compliance Letter From NASDAQ
Comtex
WESTLAKE, Texas, Jun 17, 2008 (PrimeNewswire via COMTEX) ----Animal Health International, Inc. (Nasdaq:AHII) today announced that the Company received a Nasdaq Staff compliance letter on June 13, 2008, confirming that the Company is in compliance with the Nasdaq audit committee requirement set forth in Marketplace Rule 4350(d), which requires a listed company to have an audit committee comprised of at least three independent members.
The Company previously disclosed that, as a result of the death of Robert Oelkers on January 7, 2008, the Company's audit committee had only two independent members. On May 8, 2008, the Company announced that it had elected Jerry W. Pinkerton to fill the vacancy on the board of directors and appointed Mr. Pinkerton to serve as an independent member of the audit committee.
Nasdaq Staff has reviewed this matter and has determined that the Company is now fully compliant with Rule 4350(d). This matter is now considered closed.
About Animal Health International, Inc.:
Animal Health International, Inc., through its wholly owned subsidiaries, is engaged in the distribution of animal health products in the United States and Canada. The Company's subsidiaries distribute more than 40,000 products sourced from over 1,500 manufacturers to over 65,000 customers, including veterinarians, production animal operators, and animal health product retailers. Products the Company's subsidiaries distribute include pharmaceuticals, vaccines, parasiticides, diagnostics, capital equipment, sanitizers, pet foods, devices and supplies. The Company was founded in 1954, and has its corporate headquarters located in Westlake, Texas.
The Animal Health International logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3240
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Animal Health International, Inc.
Animal Health International, Inc. Damian Olthoff 817-859-3000
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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