China Marine Food Group (AMEX:CMFO)

IBDvalueinvestin (99.49) Submitted: 11/19/2009 10:59:45 AM : Start Price: $5.64 CMFO Score: +24.06

You can't go wrong with food, especially when food production is increasing dramatically to meet demand.

Net income is also expected to increase significantly for the 2010 year. A combination of additional sales, stable margins and efficiencies resulting from the Company's recent production line capacity expansion to 20,000 tons per annum is expected to contribute to China Marine's net income guidance of $18.0 million by the end of the fiscal year, 2010.

"We are confident that our distribution base will meet our targets for the year and goals to expand their respective customer base," began Chairman Pengfei Liu. "We see a continued pace of growth for the balance of the year, 2009, and leading through 2010." concluded Liu.