Le Gaga Holdings (GAGA)has a very positive story as well. It is a greenhouse grower that is capitalizing on the increasing demand by the newly affluent to have fresh vegetables. The Chinese diet is moving to more fruits and vegetables as disposable income increases.
Le Gaga has 40% profit margin for the year ended in March 2010 and 31% compounded annualized earnings growth. IPO Analyst Francis Gaskins notes that, at 29x annualized earnings, it is priced like a "growth" stock.
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