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August 10, 2009 GeoBargain & GeoSpecial Review

|Includes: APT, CBEH, China Marine Food Group, Ltd. (CMFO), HSR

The previous week was generally a quiet week for GeoBargain and GeoSpecial companies.

China Marine Foods Group Ltd. (NYSEMKT:CMFO) Closing price August 7, 2009 was $5.60.

  • Added to GeoBargain list on May 15, 2009 at $2.83.
  • On August 5, 2009 CMFO reached a price of $5.83, an increase of 106% since our initiation date.
On August 3, 2009 China Marine Food Group Ltd. announced approval for NYSE Amex Listing. The GeoTeam is hoping that such a move will increase visibility among investors. The company is slated to release 2009 second quarter results on August 12, 2009.

China Bio Energy (OTCPK:CBEH) Closing price August 7, 2009 was $6.40.
  • Added to GeoSpecial list on June 1, 2009 at $4.25.
  • On August 5, 2009, CBEH reached a price of $7.25, an increase of 70% since our initiation date.
China Bio Energy shares showed some signs of life mid-week before backing off, approaching a 52-week high of $8.00. We are speculating that it is quite possible that the company may be able to exceed its previously stated guidance.


The company announced its 2009 business outlook at a time when oil prices were much lower than current levels. China Bio Energy manufactures biodiesel, a commodity with pricing that should move in concert with oil.

 The company is slated to release 2009 second quarter results on August 11, 2009.

On August 6, 2009, the GeoTeam also announced the addition of Hi-Shear (HSR) to the GeoBargain list at $12.05 and Alpha Pro Tech (NYSEMKT:APT) to the GeoSpecial list at $3.57.

On August 5, 2009 HSR reported strong fourth quarter results driving full year non-GAAP earnings per share to advance 77% from $0.52 to $0.92. We are delving further into the HSR story to assess whether its growth momentum can be carried into its current fiscal year. Results would have been better if not for a delay in orders that will be carried over to this year. It is also important to note that the company recently settled an outstanding legal issue. See additional research note on HSR.

On August 5, 2009 Alpha Pro Tech reported strong 2009 second quarter financial results. The company's second quarter revenues increased 63% from $8.9 million to $14.5 million while earnings per share increased 42% to $0.10 in 2009.   This is impressive as earnings per share for the entire 2008 year was $0.07. The GeoTeam is digging deeper into the APT story to determine the sustainability of its current growth trend.  See additional research note on APT.


Disclosure: Long CMFO, CBEH, APT, HSR