Nsom challenge
AYSI
This stock has been discussed frequently on the value microcap board, so I will refer everyone to check that board for further detail. I'm own the stock because of the global commodity boom and what appears to be a product with a competitive advantage. If the commodity boom continues I expect they will benefit from that growth.
CHBT
China Biotics manufactures and sells probiotic products. Probiotics comprise mainly live bacteria, which they produce using advanced proprietary fermentation technology. They earned .21 per share in the most recent quarter. They are undertaking an ambitious expansion plan. They plan to expand into other cities and to open over 300 stores over the next two years. If they execute on their strategy they have to potential to deliver explosive growth in revenues and earnings.
FSIN
Fushi manufactures bimetallic composite wire. They earned .28 eps in the 2nd quarter and revenues grew at 40+%. Much like JST this is an infrastructure play on China. With the high cost of copper this alternative has the potential to continue its growth in the future.
JST
This is a low float China microcap stock. They manufacture electrical transformers. The Company recently reported .50 per diluted share for the 2nd quarter. The Company is growing revenues at 40% and earnings at 65-70%. They also pay a small dividend. I expect the Company to continue to grow in the future as China continues to build infrastructure, and as international sales pick up in the future. International sales currently comprise 5% of sales.
TBTC
This is a microcap stock that develops and sells information and management systems that automate and monitor the operations of casino tables. The recently reported .07 taxed for the second quarter based on revenues of 884k. The backlog has grow from 1.2m at 12/31/06 to 2.4m at 6/30/07. Thus, I expect the solid results to continue.
TSTC
China based wireless coverage solution in China and Asia. The positives for this stock are the forecasted 2007 earnings growth of 30% over 2006 and future benefits from the roll out of 3G. Receivables are an issue, but I’ve already assumed that a large portion is uncollectable. I more concerned about the growth in receivables going forward. If they can keep growth in receivables under control, I plan to hold for the future.
