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Biostar: Best Small-Cap Pharma Stock

Stocks in this article: BSPMTCMAOB

Earlier this year the stock traded as high as $4.75, but that was before Biostar had even given 2010 guidance of doubling net income, so at current around $4 the recent developments with stock are clearly being overlooked.

Other pharma stocks where I did some analysis but chose to not invest include Lotus Pharmaceutical (LTUS.OB), TongjiTang Chinese Medicines (TCM), American Oriental Bioengineering (AOB)and Tianyin Pharmaceutical (TPI). For Lotus, the numbers look cheap if doing a basic stock screen, but a further read into all of their filings and disclosure makes it clear that this is one to avoid. AOB and Tianyin both merit a further look, but there I currently see no compelling valuation motivation to buy the stocks. I will continue to watch those two further.

Disclosure: The author is long shares of BSPM

The author can be reached at comments@pearsoninvestment.com

Rick Pearson is a Beijing-based private investor focusing on U.S.-listed China small-cap stocks. Until 2005, Pearson was a director at Deutsche Bank, spending nine years in equity capital markets in New York, Hong Kong and London. Previously, he spent time working in venture capital in Beijing. Mr. Pearson graduated magna cum laude with a degree in finance from the University of Southern California and studied Mandarin for six years. He has frequently lived, worked and traveled in China since 1992.
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