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Author Topic: CHBT- China cash cow!
osubucks30
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Take a look at this company reminds me of AOB before its rise. Great cash position of almost $35 million and no debt. Eps is estimated at over $2.00 for next year.

Research reports:
http://www.jmdutton.com/research/CHBT/index.html

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osubucks30
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Its trading below $11 and it is very lightly traded but like I have said before if they continue to execute their plans the volume will pick up.
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osubucks30
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Earnings

Link:
http://biz.yahoo.com/prnews/071113/cntu034.html?.v=3

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osubucks30
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Laughable down 7% on 1900 shares traded. They actually filled my order at $7.60 on the third sell. The previous two sells they jumped over me. I am happy to add in the $7's and will try to add more Friday!!
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osubucks30
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Finally:

China-Biotics, Inc. Receives Approval to Begin Construction on Large-Scale Manufacturing Facility

Link to press release:
http://biz.yahoo.com/prnews/071130/cnf014.html?.v=30

Its a steal below $12. I think it is going to $20 plus before this time next year.

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metal1
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damn, i missed it. i was going to look at it and i forgot. i wish i could find another AOB though. i got lucky and got in on that at $2.
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osubucks30
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Its not to late to get in this one. They only got 17 million shares. Look at AOB's current market cap and you see this has lots of upside!
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osubucks30
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They now have over $60 million in cash and will have over $40 million even after the construction of the new plant!!

China-Biotics, Inc. Issues $25 Million 3 Year Convertible Note

Link:
http://biz.yahoo.com/prnews/071212/cnw010.html?.v=39

I like that it is converted at $12 and this sentence "The Note also provides for mandatory conversion into common stock if the Company achieves a net income of $60 million in fiscal year 2010." So someone is expecting some bigtime $$$!

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osubucks30
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I hope this thing comes back down so I can add to my position.
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osubucks30
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Still trading at the private placement price of $12. Still holding. Here is an update over the past few months.

China-Biotics, Inc. Expands Retail Network to 60 Shining Retail Centers
Link: http://biz.yahoo.com/prnews/080422/cntu013.html?.v=44

China-Biotics, Inc. Completes Foundation for Its New Plant
Link: http://biz.yahoo.com/prnews/080509/cnf026.html?.v=8

China-Biotics, Inc. Signs Third Bulk Additive Customer
Link: http://biz.yahoo.com/prnews/080519/cnm041.html?.v=4

Here is a link to their corporate profile:
http://www.chn-biotics.com/c4429/c4454/default.html

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osubucks30
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China-Biotics, Inc. Reports Fourth Quarter and Full Year Fiscal 2008 Financial Results Thursday July 10, 4:00 pm ET
Full year revenues increased 38% to $42.3 million
Full year non-GAAP net income rose 30% to $14.2 million

Link:http://biz.yahoo.com/prnews/080710/cnth017.html?.v=36

New plant should be complete by third quarter! Over 70% margins on the product they will produce. Will be a cash cow!! Current PE at 15 now(Based on $12). I hope it dips below 10. Yesterday was a buying opportunity but I missed it(Dipped to the low 10's). Looking to add to my position after the report!! [Smile]

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osubucks30
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China-Biotics, Inc. Files Application for Nasdaq Listing

Link:
http://biz.yahoo.com/prnews/080718/cnf016.html?.v=21

Hopefully this will get new investors into this one!

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osubucks30
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Still adding to this one. The new plant will be producing in the next fiscal year. The plant can add up to $110 million a year when fully at capacity. It is also expandable to double that when the time comes. They also expect 70% margins on the product produced in the new facility!

Full year results will be announced Wednesday. Hopefully they will say something about the new plant. In the last Q they said trial production was suppose to start in April but they did not release any news about that. I am wondering if they may have run into more delays. I still think anything below $10 is a great price because eventually the new facility will be up and running!

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osubucks30
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Still about even over about 1.5 years on my investment in this company which isn't horrible considering the rest of the market! Lol
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osubucks30
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This is finally starting to get noticed!!! Its around $16 but if you look at the money they will be making when they are at full capacity at the new facility it is cheap!!

They do have around $4 cash on the balance sheet plus they add close to $5 million per quarter!! Like I said when I first posted this... they are and will be a cash cow!! Lol

This year net income should be north of $26 million... next year will see a big ramp up as the new facility gets close to capacity. Should be at least $40 million ( but thats very conservative IMO). They do have 70% profit margin on the product.

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osubucks30
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Anything under $15 is a buy IMO... They had another private placement that got them another $65.5 million (4.6 million shares at $15)... so now they have over $140 million in cash.

Plus news today that trial production at new plant has started!!

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osubucks30
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Hovering around the $15 level... I still think this is a strong buy around these levels for a longer term investment.
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osubucks30
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Up to above $17.50.
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osubucks30
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Well its below $15 again. I added some the other day below $14. I would not mind being able to get some around $12 so I actually want it to drop. All about patience even though it tuff sometimes. lol
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osubucks30
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Looking like it is finally breaking out! Above $16 again.
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