1. China Marine Food Group ( CMFO), engages in the processing, distribution and sale of processed seafood-based snack foods, as well as the sale of fresh and frozen marine catch. The company conducts its primary business operations through its wholly owned unit Ocean Technology and four other subsidiaries. Total revenue for the first quarter of 2011 was reported at $26.7 million, increasing 35.7% from the year-ago quarter. Net income generated during the quarter grew 43.1% to $5.6 million, or 19 cents per share. This compares to $3.9 million, or 16 cents per share, in year-ago quarter. Gross margins for the quarter expanded 250 basis points to 36.1%. At the end of March, the company had $35.2 million in cash vs. $15.6 million at the end of December 2010. The company reaffirms its revenue for fiscal 2011 at more than $150 million, up 22.3% from the previous year. Meanwhile, CMFO forecasts consolidated adjusted net income at $27.3 million, surging 16.1% year-over-year, and adjusted earnings per share rising 14.8% to 93 cents. Additionally, the company plans to invest 6% to 7% of sales to promote its Mingxiang snack foods and expand distribution for its Hi-Power beverages. Both the analysts covering the stock, recommend a buy. There are no sell ratings on the stock. On average, analysts estimate 298.4% upside to $10 in value from current levels.