BB's Stock Haven

[ORCA]

CJGH.034.ALERT.EXTREMELY UNDERVALUED.HAS COME DOWN TO EXTREMELY ATTRACTIVE PRICES.IMO.TRADES AT LESS THAN 2 P/E
OF THE Q1.UNREAL.ANALYSIS BELOW OF LAST Q.I WILL BE LOADING BIGLY IF LOWER,AS THE Q2 IS ENDING IN SEVERAL DAYS.
IF THE Q2 IS AS GOOD AS Q1,AND .022 PER SHARE EARNINGS,THEN WE ARE AT .044 PER SHARE EARNINGS FOR THE 6 MONTHS.
.044 X 10 P/E=.44 PPS.CAN NOT WAIT TO SEE THE Q2.
REPORT EVALUATION ON THE Q1
THE Q1 REPORT WAS INCREDIBLE.VERY GOOD NUMBERS INDEED.
THE STOCK IS EXTREMELY UNDERVALUED,AND YOU WILL AGREE WITH ME WHEN YOU READ THE BELOW.
IMO IT SHOULD BE TRADING AT A MINIMUM OF .44 PER SHARE OR A LOW 5 P/E, TO AS HIGH AS $1.76 PER SHARE=20 TIMES EARNINGS.
AT 10 P/E YOU GET A .88 PPS.SO FROM .44 TO EVEN $2.00 PPS IS JUSTIFYABLE IMO.SOME OF THE BEST FUNDAMENTALS I HAVE EVER SEEN.
NOW YOU WILL ASK ME,WHERE DO YOU COME UP WITH THESE NUMBERS.
OKAY.ON THE Q REPORT OUT TODAY READ BELOW,THE COMPANY
1)The Company recorded revenues of $6.30 million in Q1 2008.HUGE AS IT IS AS MUCH AS WHAT IT DID FOR 6 MONTHS REVENUES
OF 2007.APROXIMATELY.SO THE REVENUES GROWING AT DOUBLE PACE.
2)The Company recorded net income after taxes of $0.609 million in Q1 2008.SO IF WE TAKE 600K$ PROFIT DIVIDED BY 27.5 MILLION O/S WE COME OUT WITH AROUND .022 PER SHARE EARNINGS THAT IS ONLY FOR THIS Q.SO IF THEY KEEP THE PACE OF .022 PER Q,WE COME UP WITH .088 FOR FULL YEAR OF 2008.NOW TAKE THAT NUMBER TIMES
LOW 5 TIMES P/E AND YOU HAVE YOUR FIRST LOW PPS OF .44.
10 TIMES P/E AND YOU HAVE .88 PPS.
20 TIMES P/E AND YOU HAVE 1.76 PPS.
3)THE ASSETS HAVE BEEN INCREASED.SO THE BOOK VALUE NOW GOT TO BE AROUND .30 PER SHARE.SO THE STOCK TRADES AT AROUND 1/3 BOOK VALUE.
4)GROWTH FOR 2008 MINIMUM 20%.
5)Operating Profit Margin increased by 121.53% from 6.41% during FY 2007 to 14.20% in Q1 2008.VERY GOOD.
7)Golden Horse along with its affiliates and controlled entities is one of
the top five manufacturers of steel ball bearings in China. The Company
produces over three billion ball bearings annually of various
specifications along with its development of over 15 new products, such as
stainless steel balls, aluminum balls, and ceramics balls. In addition, the
Company continues to export its products to over twenty countries worldwide
including the USA, Japan, Brazil, India, and Germany.</B>
8)CASH 321K$.PROBABLY NOW A LOT MORE.
9)EVEN AT THE WORST OF THE WORST CASE SENARIO,LET US SAY THEY ONLY HAVE THIS PROFITABLE Q,AND THE OTHER 3 THEY BRAKE EVEN=WE STILL HAVE .02 PER SHARE EARNINGS.AT 20 P/E WE HAVE .40 PPS,AND AT 10 P/E .20 PPS.SO THE STOCK NOW AT .034 IS????????????

LINK BELOW OF COMPANY'S WEBSITE.CHECK IT OUT.
http://www.goldenhorsesteel.com/steelball/index.asp
LINK BELOW OF MY PREVIOUS REPORT ON THE YEARLY EARNINGS FOR 2007.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29590221

Wednesday, June 11 2008 4:01 PM, EST

China Jiangsu Golden Horse Steel Ball Reports Record Q1 Revenues

Market Wire "US Press Releases "

XUYI, JIANGSU, CHINA -- (MARKET WIRE) -- 06/11/08 -- China Jiangsu Golden Horse Steel Ball, Inc. (PINKSHEETS: CJGH) ("Golden Horse" or "the Company") a leading Chinese manufacturer and supplier of ball bearings, has announced unaudited consolidated operating results for the three month period ended March 31, 2008 ("Q1 2008"). Highlights for Q1 2008:

-- the Company recorded revenues of $6.30 million in Q1 2008 or
approximately 48.79% of the revenues recorded in the year ended December
31, 2007 ("FY 2007").

-- the Company recorded a gross profit of $1.15 million in Q1 2008 and
the Gross Profit Margin increased by 39.72% from 13.04% during FY 2007 to
18.22% in Q1 2008.

-- the Company recorded an operating profit of $0.894 million in Q1 2008
and the Operating Profit Margin increased by 121.53% from 6.41% during FY
2007 to 14.20% in Q1 2008.

-- the Company recorded net income after taxes of $0.609 million in Q1
2008 and the Return on Assets increased by of 13.10 % from 8.55% during FY
2007 to 9.67% in Q1 2008.

-- during FY 2007, the Company recorded revenues of $12.91 million, gross
margin of $1.68 million, operating income of $0.827 million and net income
after taxes of $1.1 million.


The increase in revenue is attributable to growing global demand for steel bearings as the Company had positive growth in sales from its existing customer base and was able to obtain new contracts. The Company increased prices of the steel bearings to offset the higher direct material costs of steel as the price for raw material steel products continues to increase as a result of higher global demand. In addition, the Company has started to realize the dramatic increase in gross profit margin as the result of the capital investments made in 2007 to improve its offering of bearing products and modernization of equipment and machinery, including the opening on the new plant in Xuyi.

The Company will be uploading the financial statements onto the website, and we encourage the public to visit our website at www.goldenhorsesteel.com.