Tuesday, August 17, 2010 12:39:59 PM
BORN -- We need to keep the Chinese drunk, and Borun is here to help.....
China New Borun Corporation produces and distributes corn-based edible alcohol in the People's Republic of China. The company sells its alcohol products primarily as an ingredient to producers of baijiu, a grain based alcoholic beverage. It also produces dried distillers grains with solubles feed and corn germ as by-products. In addition, China New Borun Corporation focuses to produce liquid carbon dioxide, which is used in oil exploitation to enhance oil recovery and as a food additive by food and beverage companies. The company was founded in 2000 and is based in Shouguang, the People's Republic of China.
Float 5.7M
Debt a quarter of 220M revs
2 est. 1.63 this year
3 est. 2.01 next year
Thanks for the heads up on this one. I'd like some more volume, but there has to be huge potential in the Chinese carbon dioxide and baijiu market....
China New Borun Corporation produces and distributes corn-based edible alcohol in the People's Republic of China. The company sells its alcohol products primarily as an ingredient to producers of baijiu, a grain based alcoholic beverage. It also produces dried distillers grains with solubles feed and corn germ as by-products. In addition, China New Borun Corporation focuses to produce liquid carbon dioxide, which is used in oil exploitation to enhance oil recovery and as a food additive by food and beverage companies. The company was founded in 2000 and is based in Shouguang, the People's Republic of China.
Float 5.7M
Debt a quarter of 220M revs
2 est. 1.63 this year
3 est. 2.01 next year
Thanks for the heads up on this one. I'd like some more volume, but there has to be huge potential in the Chinese carbon dioxide and baijiu market....
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