China New Borun Corporation [BORN]BORN deserves your immediate attention. When you research the company, you may realize that the reason why they, unlike most China based companies who were planning to IPO had canceled the IPO due to Market conditions, China New Borun Corporation [BORN] went ahead with their IPO, at a Price about Half of what was the original price range.
So, of course, you'll wonder WHY
A deep search will let you see that they, the OWNERS, a Family, to them the IPO price isn't that important. They Hold the bulk of the Shares, have Zero intentions of selling any----and take a look at their plans on a Dividend Policy. Kinda reminds me of FRO's John Frediriksen---- he routinely likes to Hold about 35% of the companies he has listed, so the Dividend becomes a way to pay himself and Shareholders.Dig deep enough to see how tightly this Family Hold their Shares. Look at how Tightly they are showing their intention of Holding, and make Note of their plan on a Dividend Policy...I'm going to paste some info to get anyone interested started---I'm looking at a better than 50/50 shot at a Double by end of October, and I'll be using the Double Buy on BORN---it fits what I look for in a stock to use the Double Buy----paste below, excuse all the highlighting and usual mish-mash:
Asthe first U.S.-traded initial public offering in June, China New Borunfaced the same wave of U.S. investor jitters that weighed on new stocksin May.
It sold 5.725 million American depositary shares at $7each, below a
sharply reduced price range of $8-$9 and its originalplans for $12-$14.[[[ I'm expecting to see Earnings of a solid $1.60 this year, room for a"Better than Expected"--Plus----2 items not factored in thisEstimate---one s a Patent Application, and two is the addition of anadded Income Stream. Though they already make use of By-Product forsale---easier for me to paste a bit ]]]China New Borun Corporation produces and distributes corn-basededible alcohol in the People's Republic of China.
The company sells itsalcohol products primarily as an ingredient to producers of baijiu, agrain based alcoholic beverage. It also produces dried distillers grainswith solubles feed and corn germ as by-products. In addition, China New
[[[ Product under Development—Liquid Carbon DioxideThe company has a plan at its Shouguang facility to develop liquidcarbon dioxide.]]] <<< this would be additional Income