By Zack Buckley and Glen Bradford We would like to make a distinction between these companies and previous companies we've mentioned because we are only long a few of the opportunities that we're discussing in this part of the series. That being said, most of these are still very undervalued companies or we wouldn't mention them. In general, we believe the previously mentioned companies are better opportunities. But, we'd love to reserve the right to be wrong. We often are. Skypeople Fruit Juice ( SPU) is a rapidly growing company with a price-to-earnings ratio of 8. It just recently uplisted to Amex, but despite its recent climb it still appears undervalued. For growth, Skypeople is expanding its capacity to 60,000 tons in 2010 from 30,000, promoting its proprietary brand Hedetang, and expanding its product offerings. China Gerui Advanced Materials ( CHOP) is the largest manufacturer of high precision cold-rolled strip steel products in China. It is a market leader with a P/E of 7 and has been growing income rapidly. China's steel industry is growing at a compound annual growth rate of 18% and is continuing to grow as a result of huge government investments in infrastructure spending. To grow, China Gerui plans on doubling capacity to 500,000 tons by 2011 and adding different metals to its product. Asia Cork ( AKRK.OB) is a leading producer of cork wood floor, wall and decorations. Its main competitive advantage is its raw material supply; it owns a cork forest. In addition, Asia Cork is currently trading at a P/E of 6.5. The management team has so far been very shy about displaying the company, but if this changes in the future Asia Cork will be rewarded by greater investor awareness through a higher stock price. Telestone Technologies ( TSTC) is a wireless communications solutions provider. It's exploding with almost 100% revenue growth in 2009 and 2010 expected growth of close to 50%. This company is trading at a P/E of only 12.5. Actually, it's currently around the low for the year. Tim Sykes suggested it as a potential short. If you have the ability to buy and hold until appreciation, this is one you'll appreciate to have in your portfolio.