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GULF RESOURCES INC Message Board

  • danweiss7 danweiss7 May 11, 2009 4:25 PM Flag

    Strong earnings results

    I read through the 10Q and was pleasantly surprised by the solid increases in both revenues (+7%) and net income (+6%) on a year over year basis despite a difficult pricing environment for bromine earlier this year. Revenue topped guidance coming in at $23.6 million versus expectations of $22.4 million while EPS for the quarter was $0.06 versus $0.05 in prior guidance. It will be very interesting to see what type of guidance the company gives in its press release tomorrow morning as I dont know of any other company with a conservative EPS in the mid 20 cent range with a healthy cash balance and no long term debt selling at a P/e of less than 3.

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    • "I dont know of any other company with a conservative EPS in the mid 20 cent range with a healthy cash balance and no long term debt selling at a P/e of less than 3."

      There aren't many out there. CKGT.OB is one of them though, and they're due to report by Friday.

      They're getting into Agriculture/feed sector with new patented products which should ramp their eps for Q1 2009 over Q1 2008.

      As always, do your own dd.