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Biotech / Medical : Biotech & Pharma.T.A,

BIB 83.58

+1.8%

Nov 26 4:00 PM EST

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To: Jibacoa who wrote (2823)	5/18/2010 12:22:51 PM
From: Jibacoa	Read Replies (2) of 3722

CBPO opened with a small UG but found resistance again at the $14 level.<g> The stock was up 8.02% and still is up 5.63% with volume of 70Ks >1/2 its ADV bigcharts.marketwatch.com CBPO reported yesterday its 1stQ results which showed a 28% improvement in revenues and a 27% improvement on earnings. The revenues increase of 28.1% to $27.1M was mainly on account of price increase, due to the continued supply shortage in China's plasma industry. They anticipate the potential for some further price increase in the future, on select products, but have not factored that in its 2010 guidance.<g> As of March 31,CBPO had $51.2M in cash. However, the cash generated from operating activities in the Q was only $2.1M vs. $7.1M last Yr. It attributed the decline to increases in inventory and accounts receivables and higher income taxes paid.<g> CBPO's guidance for 2010 was for revenues in the range of $142 to $149M and income in the range of $34M to $36M They have applied for Human Prothrombin Complex Concentrate and Human Coagulation Factor VIII that are still under SFDA review. They expects to be able to launch these two products in late 2010 or early 2011. The ACTAY is $18.50 As mentioned, the nearest resistance is at $14 and then the May13 H at $14.32 On a close above $15 the stock would make an all time H.<g> bigcharts.marketwatch.com Bernard

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