China Growth Stocks

[2morrowsGains]

NUIN...Looks hugely undervaled after looking at today's report IMO, but not sure if I'm missing something. There's been very little trading on the stock for the past 3 hours??...

- Current share price = $3.10
- Cash and equiv = $35.8M ($2.18 PER SHARE IN CASH)
- A/R = ONLY $321k
- Total Assets = $50.2M
- A/P = ONLY $120k
- Total liabilities = $10.9M
- Q3 EPS = $0.25
- Forward PE = 3.1
- Diluted shares outstanding = 16,435,334

Nice forward looking statements...
"As announced early in the quarter, we are in the midst of expanding our production capacity to 72 tons by the end of 2010. We believe we are well on the way to meeting this goal. We announced in July 2010 the signing of a product purchase agreement with Century Brighton Holdings, which will further expand our TCM customer base and penetration into the wealthy Hong Kong market. We have been well received in this market and look forward to continued growth on both the product side and customer side. The development of our Golden Grass wine and oral liquids are on track and is expected to commence trial production in Q1 2011."
http://finance.yahoo.com/news/Nutrastar-Announces-Third-prnews-449594733.html?x=0&.v=1

Keep thinking I'm missing something but I don't think so.
$2.18 in cash w/ low to NO debt and low liabilities looks pretty good along w/ all the other numbers for a $3.10 stock.
We'll see how the 10Q looks when it's filed...