rhinoman,
i agree with you that SUWN will 'heat up' again this year. i caught the ride last year and made a bundle from the low .20s up to around $1.50. i bought a small batch at .68 near the end of last year and after doing some more research yesterday to see where we stand i am going to be lowering my cost avg soon for the next ride up. SUWN still has great growth in chinese revenues, they have followed through on everything they said they would (a rarity on the otc) and are now expanding into the US which should accelerate that growth even further.
even without the US sales the production capacity of stevia has doubled for 2007. from the last 10k (08-09-06):
"The increase in the sale of our natural sweetener, stevioside, was due to the completion of our manufacturing equipment upgrade. Our revenues related to the manufacture and sale of stevioside increased from approximately $5,540,567 to $7,201,520, a 30% increase from April 30, 2005 to April 30, 2006. In September 2005 we commenced operations on our new manufacturing line; the facility became fully operational in November 2005. The new facility improves the quality of our stevioside and allows to acquire a larger market share. We manufactured 107 tons of stevioside and resold 123 tons during fiscal year 2006. We anticipate manufacturing 300 tons of stevioside during fiscal year 2007."
01-09-07 PR:
"(SUWN) announced today that it has completed construction of its new Stevia manufacturing facilities. The new Stevia manufacturing facilities are capable of producing an additional 300 tons of premium Stevia per year, increasing annual bulk production by approximately $15 million per year."
SUWN effectively tripled their stevia production (since they were producing 107 tons and reselling 123 tons). add that $15 mill to the $7 mill already produced and we are looking at $22 mill in revs from stevia in china alone. i do not know the exact profit margins but i would speculate that those $ figures could go up drastically with north american sales.
with the current PE ratio at 25.50, and assuming revs more than double in 07 we are looking at a seriously undervalued stock. all this and i havent even considered the bird flu disenfectant, human and vet herbal medicines. now the question is how low do we go before the volume starts to pick up again and SUWN begins its ride back up.
