Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spekulatius who wrote (38646)	7/30/2010 1:14:00 PM
From: gcrispin	Read Replies (1) of 78740

it sounds like they are hellbent on expansion. that is not good for shareholders My view is that GFRE has historically been hellbent on expansion and it has been good for shareholders. GFRE is the classic GARP stock. In 2006 revenues were 31 million. Projections for 2010 are 148 million. Earnings per share in 2006 were .18. Projections for 2010 are 1.25. All of this has been accomplished through organic growth in their chemical division and through acquisition of bromine and crude salt assets. Annual production capacity of bromine has grown from 12000 metric tons in 2007 to 43000 metic tons by the end of 2009. For crude salt grown from 100000 metric tons in 2007 to 450000 in 2009. Such a large shelf registration should give investors pause. But I feel this is one of the few Chinese companies that has increased returns to shareholders. The company sits in a rather enviable position as demand for bromine exceeds production in China. slideshare.net GFRE used to be my largest position. I sold half and have an average price of 2.20 on my remaining shares. So "hellbent expansion" has been good for me :) I still like the company, and the second quarter CC should provide some color to the shelf registration.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next