Use access key #2 to skip to page content.

EnvestorFirst (42.01)

Gulf Resources Creates Hopeful Investors Despite Risk

Recs

4

August 22, 2011 – Comments (1) | RELATED TICKERS: GURE

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/

1 Comments – Post Your Own

#1) On September 06, 2011 at 5:44 PM, kevano51 (< 20) wrote:

Bought at 2.46  then it tanked, but am hopeful it will rise, it was usually around 3.70  I read that they have like one of three licenses granted by the Chinese government to produce bromine and with the governmental controls in China's economy, this could be a nice boost to the stock and to profits, etc.  Will have to wait and see.

Report this comment

Featured Broker Partners


Advertisement