Friday, October 16, 2009

BAGAKOAA October 16, 2009

BAGAKOAA October 16, 2009

I just initiated a position on a very speculative, but attractive Chinese Pharmaceuticals. I tripped over it doing homework on the Retail Stocks. TPI, is engaged primarily in the development, manufacturing, marketing and sale of modernized traditional Chinese medicines and other pharmaceuticals in China. They currently manufacture and market a comprehensive portfolio of 39 products, 22 of which are listed in the highly selective National Medicine Catalog of the National Medical Insurance program. We have an extensive product pipeline of 17 products which are pending regulatory approvals with the China State Food and Drug Administration. The fundamentals on this 3 year old company look impressive. Plenty of cash, minimal debt. Impressive revenue growth they throw a dividend, BUT it is very closely held. You have to sift through the notes of the balance sheet to figure out the trail of ownership, but is is about 76 % owned by one individual. This is very risky and not for the faint of heart, but promising. No retirement money on those one boys and girls. I am taking baby steps with this one with a small limit order for Monday morning.

Salve Lucrum


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