Not only is the stock trading at 2x earnings, but now the company has a new English speaking CFO and a highly experienced board member. It appears that this company wants to get attention.
I find the value of this company attractive but also like that it is debt free and has 50%+ gross margins.
Having reached a total of 273 franchise stores during the first and second quarter of 2008, the company expects to open 114 new outlets throughout China during the second half of 2008. The Company's acquisition of six production lines for the production of soybean milk was completed in the end of June and they are to be operational this quarter.
The receivables went from $440K last year to $3.6M this year. But last year the company had $6.6M in advances to affiliates which it did not have this year. Seems the company re-characterized last years advances to affiliates to this year's accounts receivable account. I understand this is a seasonal increase. The company clearly did not communicate this well to investors.
I have read your post and checked those companies.However the liquidity is much smaller than CYXI or GFRE.Taking into account valuation(carefull with company figures;are they reliable ?), prospects and liquidity what are your top 3 companies ?
if this company was a small u. s. company, the stock would be trading well above 5 dollars a share right now based only on past performance------look for a nice pop tomorrow but nothing like it deserves