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 Tracking 1053 U.S. listed China Stocks and Counting...
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 Sino Assurance (OTC BB:SNAS)

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Tuesday, March 29, 2011

Earnings Recap

This company offers surety products for businesses and individuals. Industry dynamics outlined in the 2010 10K seem compelling. EPS for the 2010 fourth quarter doubled to $0.04, breaking out of a 7 quarter range of $0.01 to $0.02. The fact that the company has issued 2011 EPS guidance of $0.16 and has goals of strengthening its banking relationships may imply that SNAS does not intend to tap the equity market. This stock is very illiquid. We will be pulling PRC filings on SNAS.

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