China Growth Stocks

[GorillaGorilla]

YONG

At the last CC they talked about requiring financing if they met with their distributors and the demand was there. We can probably take it as fact that they will need some cash - but market cap at $10 is 300 million... so shouldn't be too aduious.

Note that the income before tax up approx 100% Y/Y (10,699,683 vs 5,829,709). They didn't pay much in the way of tax in 2008.

After the last conference call I worked (can find working somehere) they could double the production if they stored fertilizer through winter and spring. So even without new factory they can in at least theory double revenues again... I mention this because of the huge growth in franchieses (I'm assuming that these are new sales outlets and not just rebranded stores that were selling their stuff previously).

CGA & YONG et al still make up a few % of fertilizer sales... and are taking sales from small mom & pop stores... They are "Green certified".. very few producers are

rich