China Marine Food Group Limited (CMFO)

[GorillaGorilla]

10 / 7 = 40% Growth

In the most recent CC CMFO said they used 70% of the capacity of the current plant's 10 tonnes. They have or about to open another 10 tonnes of capcity and this time next year they think they'll be using 50% of the double capacity. In other words they are using 40% more this time next year as 10 units of food. Put that into a PEG valuation, or however you like to play with it, and you end up with $20 valuation.

The sales point growth of 100% from this time last year and the distribution into a new region - suggests that other parts of the business are keeping in step with the inceased capacity.

Obviously, that would require top execution and a recovered market but it's something to gun for.

Is that how you calculated it Glen?

rich