4. Feihe International ( ADY) is a producer and distributor of milk powder, soybean milk powder and related dairy products in the People's Republic of China. For fourth-quarter 2010, the company exceeded its own guidance. Net revenue increased 42% to $62.3 million compared to $44 million in 2009 fourth quarter. Branded milk powder constitutes nearly 63% of company's sales, while raw milk powder is about 28% of sales. Gross profit increased to $19 million, from a net loss of $3 million in the fourth quarter of 2009. Gross margin was 30.5% in the fourth quarter. For 2011, Liu Hua, the company's CFO, said, "Based on cash and actual purchase orders received this quarter to date and management's estimates, we project our total revenue will be approximately $290 million and net income will be approximately $22 million to $24 million in the full year of 2011." The stock is trading at 13.3 times its estimated 2011 earnings.
Shares of China Marine Food Group (AMEX:CMFO) have taken a tremendous swing upward. The stock is trading at $1.72 as of 3:55 p.m. ET, 20.3% above Monday's closing price of $1.43. Volume is at 226,852, 3.3 times the daily average of 68,200.
Shares of China Marine Food Group (AMEX:CMFO) have taken a tremendous swing upward. The stock is trading at $3.02 as of 9:31 a.m. ET, 24.8% above Tuesday's closing price of $2.42. Volume is at 6,626, zero times the daily average of 138,100.