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Topic: CMFO (People still got to eat)
osubucks30
Member
posted
December 04, 2008
11:59
CMFO (CHINA MARINE FOOD GR)
THIS ONE IS LIGHTLY TRADED!!
Current market cap below $34 million. They have $28.4 million is cash. Shareholders equity is $42.5 million. Projected to make over $10.5 million in profit this year. The third quarter was reported on November 6 and was great!
Link:
http://biz.yahoo.com/prnews/081106/cnth053.html?.v=1
They authorized a $3.0 million dollar buy-back program after Q3.
Research report from Dutton:
http://jmdutton.com/research/CMFO/index.html
Any opinions?
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