Value Microcaps Motherboard

[2morrowsGains]

BBC...Looks like a sleeper. Trading @ $6.75, they earned $0.22 a share in their most recent quarter, Q3 (before a one time accounting charge of $0.03 per share), compared to an eps of $0.18 in the second quarter, and an eps of $0.05 for the first quarter of this year. CEO said in last thursday's PR that 4th quarter sales have been very strong.
Here's the real kicker......Bodisen is exempt from paying income tax through the end of 2007. At that time they can apply again to qualify for another two years of income tax exemption. (The Chinese government provides tax incentives and other financial benefits to companies that engage in the agricultural sector).
Bodisen Biotech develops, manufactures, and sells organic fertilizers and pesticides in China. They were listed on the AMEX in August and have 15.5M shares outstanding w/ no dilution.
Ceo said well known institutional investors are starting to participate in their growth, so it looks like an excellent L/T hold. I'll be accumulating on dips!

BTW, I found BBC while researching HRBN...“Due to our relationship with Benchmark, we have concluded two successful investments in two of Benchmark’s China based clients, Bodisen Biotech and Harbin Electric. Both of these investments currently represent significant unrealised gains.”
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=568408