Cameron Fous'  Instablog

Small Cap Stock Pick : China Ritar Power Corp (CRTP)

China Ritar Power Corp., through its subsidiaries, designs, develops, manufactures, and sells lead-acid batteries under the Ritar brand in China and internationally.

Its nice too actually see some forward growth estimates in companies again after too long of companies futures being on the brink of failure making it difficult to find any positives to finding much value in small cap companies other than technical analysis which is my expertise here @ ttt.net.

CRTP is another battery company making moves in the small cap areana along side others who have been performing very well in the recent past such as AONE, CBAK, CSGH.OB, AXPW, and CHP to name a few. CRTP is the most attractive one of the group to me from a fundamental and a technical perspective.

Lets take a gander @ some #’s on CRTP:

EPS:
Current year estimates: .48
Next Year estimates 2010 : .68
+33% Earnings growth

Revenue:
Current Year estimates: 123.6m
Next Year estimates: 170.49
+38.2% Revenue growth

Current Ratio:  2 – over the industries avg 1.9 – Currently healthy company

Forward P/E: 9.54x
Industry average P/E: 16.83x

Fous Fair Value: 11.44
Todays Share Price: 6.50
Upside Potential: +76%

Technical Analysis:

I bought  a 1/2 position for the Black Service portfolio in @ 6.40. I will take any dips to the 13ema as a buying opportunity as my short term profit target is near $8/share.