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Strategies & Market Trends : CHRB, going above $5.
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To: Tony Grier who wrote (73)5/18/1997 8:23:00 AM
From: Hands Off   of 145
 
Tony, I realize this is old news and I am sorry it took so long for me to have time to post - problems at work and a cold - but here is that summary I promised from the Bowser Report.

The following is a summary from the April Bowser report where CHRB is the 'Company of the Month'.

'CHRB is unique in that it operates in China but is only traded on the Nasdaq. As of 9/30 it had almost $10mil in cash, a P/E of 5 and its book value at $4.32 is higher than its stock price.'

'CHRB owns a 56% interest in Hainan Agricultural Resources Co. LTD. (HARC). HARC produces and distributes dry, natural rubber, liquid latex and other agricultural products. It procures production materials.'

'Hainan Province supplies onver 60% of PRC's nautural rubber production.'

Max goes on to say that natural rubber is very important to China's growth and that there is a limited geographical area where it can be grown.

Max then talks about the fact that CHRB, while a private company, is closely associated with the governement - since the farms that produce the rubber are state owned - has been able to maintain its independece.

Finally, there is some history of the company, the reverse split, the Reg S dilution and mentions that sales were down in 96 because of reduced demand for rubber.

Hope this helps. He does list Robert Rinderman, Jaffoni & Collins, 212/505 3015 as a source for more info.

Regards - Marshall
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