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Encanto Potash Corp V.EPO.H

Alternate Symbol(s):  ENCTF

Encanto Potash Corp. is a Canada-based exploration and development company that is focused on potash properties in the Province of Saskatchewan. The Company is focused on the development of Muskowekwan First Nation (MFN) reserve lands located approximately 100 kilometers north of Regina, Saskatchewan. The Company's wholly owned subsidiaries include Encanto Resources Ltd and Encanto Trading Corp.


TSXV:EPO.H - Post by User

Bullboard Posts
Post by STVPon Mar 18, 2011 12:58pm
333 Views
Post# 18306043

Chinese Market:

Chinese Market:

To benefit from the growing food market in China, a Canadian company that will give you great exposure is Asia Bio-Chem - it's trading at a massive discount today due to recent market sell off and not many know of the stock plus small amount of floating shares.

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 plus at least
- 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.

Some 2010 Results:
Gross Profit of 29 million
Net Income of 11.14 Million
In years to come, net profit will keep going up due to completion of plant upgrades/construction in 2010 and new product lines.

Bullboard Posts