China Health Resource, Inc. (fka CHRI)

[downthehatch]

Finally back in the office, and have looked over the 10Q.
While of course the revenue drop ios not good, we did know that was coming, as revenue has been off for some time. Hopefully the worst is over, and revenues can start going up.

On the positive side, there are several very positive things to note in the 10Q:
1. There has been absolutely no dilution- the company has the same number of shares outstanding as they did at the end of the year, and in fact the same number as they had a year ago. That's good news.
2. The company has plenty of cash, and lots of shareholder equity. Shareholder equity actually rose a bit for the quarter, to 13,395,409, which, when divided by outstanding shares, show .075 in equity, for every share.

At todays price of .007, that is like buying a dollar of equity, for .10. That is really cheap, even for a Chinese company.

I am certainly not selling, as I think there is really much more upside here than down. If they can find some new markets for their products, they should be able to grow revenue again.