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China Nutrifruit Group Limited Message Board

  • russellsprangers russellsprangers Apr 3, 2012 7:21 PM Flag

    New facilities

    It'll be interesting to see how much progress there is with the new fruit and vegetable powder facility if any. One thing about this companies stock is that it is beaten down in price but has never had any fraud allegations against it. It has the recent sodium issue but no hit pieces have been written bashing the legitimacy of this company.

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    • davesmith49@rocketmail.com davesmith49 Apr 3, 2012 8:30 PM Flag

      I've conditioned myself to believe that the new plant will not receive a permit in 2012. It would certainly be a nice surprise if it became operational. Some investors are angry because they bought stock in 2011 and thought the plant would be running then. Also, I would like to see a resolution of the $7.9 million claim concerning the sodium. It would suck to pay it but they have the cash.

      CNGL has a ton of potential but it needs to work through these issues before it trades back higher to fair value. When/if they do receive the permit and resolve the sodium claim, and reach full earnings potential, the stock could increase 10X easily. That process may take years. Or, you never know, we could get good news this year. As long as they are profitable I'll accumulate shares over time with a small percentage of my winnings in other stocks. CNGL is a long shot but I like the odds.

      I recently bought stock of PATK at $6, now it's $12. Look at the chart on it. http://www2.barchart.com/chart.php?sym=PATK&style=technical&template=&p=WO&d=X&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=#jump
      PATK stayed about a year below 50 cents, then 2.5 years at $2, then it spiked. There are some who were buying the stock in the pennies. That's what I'm hoping for here.

      People seem to have forgotten about the stock. Glad to see you post.

 
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