GREY:BIXZF - Post by User
Comment by
STVPon Mar 17, 2011 2:06pm
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Post# 18299890
RE: Some BXI thoughts
RE: Some BXI thoughtsI offer a comparison in the the food processing business that most have not heard of. With current burn rates/quarterly losses in BXI, investors may want to diverisfy a little to reduce risk and invest in a corn processing company that's earning profits instead of a soy processing one such as BXI that's loosing money.
Asia Bio-Chem (Ticker on TSX is ABC):
- currently trading at a P/E below 10 times due to market sell off past couple days (any price below $1.5 is a steal)
- generating quarterly profits for past several quarters and will continue to do so going forwards
- analysts target price for next 12 months ranges from $2.4 to $3.25. In 2 to 3 years, expect $5 or more
- great management and company information is readily available on web-site. All quarterly conference calls replay available on the web-site.
- will continue to grow due to demand in the Chinese market
- Small amount of outstanding shares and no need to have equity financing as comapny is fully funded for future expenses by free cash flow.