On Sunday they launched their own English website: www.rodobo.com
I guess they are starting to show some life, maybe that attracts some investors at these prices. With a P/E of around 5 and a growth story for the long run it's worthy to buy some. The only thing is the liquidity of the stock.
Some highlights from their latest filing:
RODOBO INTERNATIONAL INC - 10-K (Filed: 13-01-2010)
EPS 2009 $ 0,42
We achieved $6.8 million of net income for the fiscal year ended September 30, 2009, an increase of $1.5 million (approximately 27.5%) compared with $5.3 million for the fiscal year ended September 30, 2008. This increase in net income was mainly attributable to the increase in net sales, partially offset by an increase in cost of goods sold and operating expenses. This increase in net income was also attributable to an increase of $0.34 million (approximately 345.1%) of subsidy income from the government, from $0.1 million for the fiscal year ended September 30, 2008 to $0.44 million for the fiscal year ended September 30, 2009.
Outlook
Over the next twelve months, we intend to pursue our primary objective of increasing market share in China diary industry. We are also evaluating acquisition and consolidation opportunities in China’s fragmented dairy industry. We believe that we have sufficient funds to operate our existing business for the next twelve months. We usually finance our operations from funds generated by operating activities. However, in addition to funds available from operations, we may need external sources of capital for our expansion. There can be no assurance that we will be able to obtain such additional financing at acceptable terms to us, or at all.
Risk Analysis
Tracking 1053 U.S. listed China Stocks and Counting...
Tracking 1536 U.S. Stocks and Counting...