Sino Agro Food Inc (fka SIAF)

[Viking John]

Siaf is extremely undervalued.

I looked at the numbers for this stock and with its very low P/E and high growth. Look at Market Cap/Revenue. .2 something. PB .2 something. The Graham Number at Gurufocus has this stock valued at over $9.00 bucks a share. Revenue Growth over 80% last year. WOW!!!

These are the best number I ever saw!!! EVER!!!

1) O.K. here are the problems I found. The CEO doesn't always do what he says he is going to do. I own a small business and often I plan to do things in the future but change my mind. Its hard to make things happen as I want them too. Often I will say something will happen but it doesn't. I really do intend to make it happen at the moment I say but it doesn't always work. out. Anyway the solution is to not make decisions based on what somebody says but what they do. Siaf has grown very well in both earnings and revenue. So The CEO must be doing something right.

2) The Accounting and audits has been questioned by others. With the additions of Ms Olivia Lai as CPA and Alan Wong as Auditor I feel a lot of these problems will be corrected and won't be reoccurring in the future. I checked out those two and Lai comes from some big American companies and Wong is very well respected too. Again I think the CEO did something here to handle a problem.

3) Share dilution. The terms of the new 25,000,000 loan greatly restrict further share dilution so this problem should soon go away. Something else the CEO did to handle a problem.

I like what I see and I bought in.