3. China New Borun ( BORN) is a producer and distributor of corn-based edible alcohol in the People's Republic of China. For fourth-quarter 2010, revenue increased to $72 million, up 24% compared to the same period during 2009. Gross profit rose 24% to $17.4 million and gross margin remained stable at 24.3%, compared to the same quarter in 2009. Net income rose 13.7% to $10.5 million during the fourth quarter of 2010. New Borun estimates first-quarter 2011 revenue between $82 million and $85 million, increasing 39.7% to 44.8% over the same quarter of 2010. Cash and bank deposits were $51.5 million by the end of December 2010. Analysts expect an upside of 67% in the next one year and the stock is trading at 5.2 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.