Gulf Resources Creates Hopeful Investors Despite Risk
Looking for a risky investment that could really pay off? Gulf Resources could be a potential pick for you. Not everyone likes to play it safe, and Gulf Resources is not necessarily a safe play. They are high risk and high reward. Sound appealing? Kevin Feeney gives the details on the potential for this risky pick.
" If you don’t consider the seemingly incompetent management, then there are some pretty good things to be said about Gulf Resources, including the great value for price. Some of the promising results from the most recent 10Q include:
Revenue was $51.3 million, an increase of 10% compared with the corresponding period last year
Gross profit was $26.3 million, an increase of 13% compared to the corresponding period last year
Net income was $10.0 million, or $0.29 per basic and diluted share, compared with $16.4 million, or $0.47 per basic and diluted share a year ago
Excluding non-cash impairment/write-off expenses, adjusted net income was $17.6 million, or $0.51 per basic and diluted share.In
June 2011, the Company announced that its subsidiary Shouguang City Haoyuan Chemical Ltd. Co. had signed a non-binding Letter of Intent with the People’s Government of Daying County in Sichuan Province, to explore and develop potential underground brine water resources."
Find additional research and charts here: http://turnkeyoil.com/2011/08/21/gulf-resources-creates-hopeful-investors-despite-risk/