China New Borun Corp ADR BORNY

Consumer Defensive Beverages - Wineries & Distilleries

China New Borun Corp is a producer and distributor of corn-based edible alcohol and it's by-products in China. Its products include Edible alcohol, DDGS feed, Crude corn oil, Liquid carbon dioxide, CPE and Foam insulation. The firm has Corn base edible alcohol and it's by-products, CPE and Foam insulation reportable segments. It derives the majority of its revenues from Corn-based edible alcohol and its by-products segment. The company's facilities are located in Shouguong, Shandong province and Daqing, Heilongjiang province. It mainly operates in China.

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China New Borun Corp ADR > China New Borun Corporation [BORN]

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Comment by topshelfstuffon Aug 03, 2010 3:12pm

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Post# 17317966

RE: RE: China New Borun Corporation [BORN]

i'm not concerned about 7.00. the quick trip to 7.00 is no surprise
keep in mind that the original IPO price was planned to be $12-$13, and a book value of $16+ as-is at that time

that did not account for the new Revenue Stream, already contracted out for, plus the Growth Rate going into 2011 circa 50%

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