Agria (GRO)'s booming China seeds business grew revenues this past year by 98% to $17 million and the company would've been very profitable if not for one-time non-cash writedowns of goodwill. Including the current market value of GRO's PGG Wrightson (PGW.NZ) shares, GRO has a net cash position of $1.69 per share! Just a 1X sales valuation for GRO's China seeds business will value GRO at $2 for a gain of 38%! We have already accumulated 550,000 shares of GRO and don't intend to sell until it reaches much higher prices.
As the stock market makes a correction, the money leaving overvalued Internet stocks is going to pour into gold, silver, and especially agricultural commodities - causing U.S. inflation to skyrocket. GRO is a producer of the agricultural commodities that will be skyrocketing in price next year. GRO has absolutely no ties to the U.S. economy whatsoever. As the U.S. dollar collapses, China will allow the yuan to appreciate - allowing the Chinese to consume more food, and GRO will become the #1 hottest play on Wall Street! $3+ could be here within the next month or two.