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China Marine Food Group Limited Message Board

  • rogerabc100 rogerabc100 Sep 3, 2010 2:07 AM Flag

    CMFO has all the ingredients to be $20

    Low PE of 5

    Low PEG of 0.18

    Low market cap of $140M (easy to manipulate by HF)

    About 50% revenue growth annually

    CEO bought 245000 shares in July from his own money

    Low float of 13M shares out of 28M outstanding

    39% of shares held by insiders

    Experienced year over year growth in every sales territory

    Growing middle class in China

    Takeover target (recent article in China magazine)

    Accumulation by HF

    Oversold condition after crashing from $9 level

    "We are very pleased with our second quarter results, which was driven by 36.1% organic growth in seafood snack food products line. We added an additional 400 retail points to our network and experienced year over year growth in every sales territory for our core product line," began Mr. Pengfei Liu, Chairman and CEO of China Marine. "Sales of our new beverage line, "Hi-Power", exceeded our expectations, as we experienced strong demand across our home province of Fujian. We expect continued sales growth for our beverage segment in the second half of the year. Accordingly, we increased the number of "Hi-Power" sales and marketing staff from 23 at the beginning of the year to 188 currently as of June 30, 2010. In our recruiting effort, we have also retained top marketing talent from well-known international beverage brands to enable us a competitive edge in this fast-growing sector. "

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    • BINGO!!! bet that changes next report...hopefully

      • 1 Reply to flooredfirst
      • Murray Securities has great reputation in WS as a honest broker company and they initiated CMFO with BUY recommendation. ( on 6/1/2010). Brean Murray was rated as 11th best broker in 2009 by Barron's magazine


        Brean Murray Initiates Coverage on China Marine Food Group (CMFO) with a Buy; Solid Performer with Near-Term Catalysts
        June 1, 2010 8:27 AM EDT
        Brean Murray initiates coverage on China Marine Food Group (NYSE Amex: CMFO) with a Buy rating. PT $9.

        Brean analyst says, "We base our recommendation on China's rising appetite for healthy, covenient seafood snacks and beverages, the company's strategic expansion into new, high-margin segments, strong growth prospects, solid mgmt team and prudent local gov't relationships, as well as an attractive valuation."

        To see all the upgrades/downgrades on shares of CMFO, visit our Analyst Ratings page.

    • Why haven't they hired a decent auditing firm?

      Just because several sell-side analysts are pounding the table on this company does not mean they are right.

      The market was on a tear this week and CMFO is on an agressive trend down.

      Let's see them have their books verified. They mentioned on the last conference call that they were in the process of hiring an auditing firm.

      That was several weeks ago.

    • Second Quarter 2010 Highlights
      -- Revenue was $27.6 million, up 86.8% from Q2 2009.
      -- The Company expanded its retail footprint for seafood snack food
      products by 400 sales points to 2,900 and sales grew 36.1% year over
      -- Retail locations for "Hi-Power", the Company's marine algae-based
      beverage, crested over 10,000 retail points by the close of the second
      quarter 2010 while quarterly revenues grew 183.6% sequentially to $7.8
      -- Gross margins expanded by 379 basis points to 37.0% with operating
      margins of 29.0% for the quarter.
      -- GAAP net income was $6.8 million, up 83.1% from Q2 2009; Adjusted net
      income was $7.4 million*.
      -- Earnings per diluted share were $0.26 based on 26.4 million shares;
      Adjusted EPS was $0.28*.

0.14+0.0150(+12.00%)Aug 25 3:44 PMEDT