This stock price should engage the attention of every observant investor: the February 11 2008 closing price is $2.55 against a 52-week range of $0.75-3.19. Such an OTC stock price trend indicates impressive business performance.
A closer look will show that the company has 10 thousand tons of oil and gas related business under its belt for 2006. There is an additional seven thousand tons of products shipped to the paper-making industry. This indicates established market acceptance in the company’s large market of China.
The company has come close to its revenues for all of 2006 by September 2007. This growth comes with a smart profitability jump. These are impressive signals that industrial clients in China appreciate this company’s products and services.
Equity is nearly twice total liabilities on the balance sheet, so the company can attract all the funds it needs, at attractive terms, for business expansion. Significantly, total assets have more than tripled between the end of 2006 and the first nine months of last year.
The company adds huge values to coastal sea water. Bromine and the specialty chemicals, which constitute this company’s main product range, have multiple applications in diverse industries. This gives the management many options for continued and profitable business growth.
A subsidiary of the company has recently received a contract for 10 thousand tons of oil and gas industry products, which should nearly double 2008 gross revenues on its own.
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