China Agritech, Inc. (MM) (CAGC) Quote

CAGC revoked:

IT IS FURTHER ORDERED, pursuant to Section 12(j) of the Exchange Act, that registration of each class of Respondent’s securities registered pursuant to Section 12 of the Exchange Act be, and hereby is, revoked.

http://www.sec.gov/litigation/admin/2012/34-68060.pdf

that message was written over a year ago. i could care less

Am I to assume that you believe that LM Research is correct in their allegations? Can you elaborate any on what has been going on lately with the company? I know you said you quit coverage of CAGC; but do you still investigate the possibility that they may actually exist?

Anyone watching the trading since the recent news?

News: http://pr-usa.net/index.php?option=com_content&task=view&id=990028&Itemid=29

CAGC - Daily Candlesticks



CAGC

CAGC Delisted :

http://nasdaqtrader.com/Trader.aspx?id=TradeHalts

Glickenhaus Says Shorts 'Blatantly Lied' in China Agritech Report, According to Bloomberg
Posted April 27, 2011 4:54PM PST
Glickenhaus & Co., a New York asset management firm that invested $4 million in embattled China Agritech, has said it may take action against short sellers it alleges drove stock prices down by communicating false information about the Chinese fertilizer producer, according to Bloomberg.


Trading in China Agritech was halted by Nasdaq on March 14 when shares were $6.88. Glickenhaus is not the only institutional investor holding a position in China Agritech. The Carlye Group holds 22% of the company, according to the article.

Equity research firm Lucas McGee Research alleged in a February report that China Agritech was a fraud. Glickenhaus took exception to the report and actually sent a member of the firm on a three-day tour of company facilities. After returning to the states, Jesse Glickenhaus filed a report regarding his visit, disputing the claims made in the Lucas McGee report.

Source: News Article, Glickenhaus Report




c c

Interesting little story on that scambag Hempton: http://www.deepcapture.com/introducing-john-hempton-the-plunderer-from-down-under/

http://www.glickenhaus.com/

Report of a visit we made to the company

are we back in running or what is up ??
2400 pcs and volume is 600 ???

CAGC HALT :

http://nasdaqtrader.com/Trader.aspx?id=TradeHalts

T12 Halt - Additional Information Requested by NASDAQ
Trading is halted pending receipt of additional information requested by NASDAQ.

Press Release Source: China Agritech, Inc. On Tuesday February 22, 2011, 8:00 am EST
BEIJING, Feb. 22, 2011 /PRNewswire-Asia-FirstCall/ -- China Agritech, Inc. (Nasdaq:CAGC - News) ("China Agritech", or the "Company"), a leading organic compound fertilizer manufacturer and distributor in China, announced that it has expanded its sales partnership with China National Agrochemical Corporation ("CNAC") for the Company's Green Vitality organic granular compound fertilizer products.

Pursuant to the agreement, China Agritech will supply Green Vitality organic granular compound fertilizers worth an estimated value of RMB 44 million (approximately US$6.8 million) through December 2011.

By the end of 2010, the Company had become an official supplier of organic liquid compound fertilizers to the China National Agrochemical Corporation ("CNAC"), China's largest developer, manufacturer and seller of pesticides and one of the major players in the domestic fertilizer market. China Agritech's sales contract with CNAC in 2010 was valued at approximately US$2.0 million, focused upon the Company's Green Vitality organic liquid compound fertilizers.

Mr. Yu Chang, Chairman and Chief Executive Officer of China Agritech, commented, "We are excited about the expansion of our relationship with CNAC, which is one of the largest players in the Chinese agricultural market with over 1,000 points of sale nationwide. This new contract further acknowledges the superior quality of our organic granular fertilizers, and the potential yield enhancement and economic benefits our products can provide to the large number of farming communities in China. Going forward, we are confident that our high-quality organic compound fertilizers will reach a wider audience of farmers in China through our comprehensive distribution channels that capitalize on our regional distribution center network, as well as our strategic relationships with major domestic agricultural enterprises such as CNAC and SinoChem."

Suspending coverage of CAGC following recent developments.
Summary: We are suspending coverage of China Agritech (CAGC) in order to conduct further
diligence and to address the issues arising from a confusing strategic shift brought to light in
the company’s recent pre-announcement and the subsequent short reports.
- Hunter Global

gap from end of july filled... easing into this on that joke of a downgrade.lol

Ag and fertilizer stocks couldn't be hotter...

and w 8 mill float, this will move fast back to 20 imo...

This stock is a joke. Just look at the drop. Soon it will be in penny land.

I appreciate the drop in price yesterday and being able to buy back in below $12.The company is solid and so are the fundies here.At the price I paid yesterday?Its a keeper..

Yep, nice buy. Good to see an up day for once.

blitz!

the best price since the post split.....


good pick up

Picked up a small position in the 17.00s yesterday

I'd say... we're down over 30%. Ouch. I've taken enough profits at this point that i'm holding onto what i've got.

blitz!

a great buying opportunity is coming up.......


gl

i remember when i was on the google boards back in oct-nov 2008,

i was like HELLO, HELLO......anyone out their...........lol

i never heard of investor hub back than, and only came here to discuss MCLN after the fact.

i was getting frustrated because the numbers looked too good, and couldn't even get a reply back from anyone, even the company....it was like .50 to .60 cents back than.

i finally called the company in china, and asked a buddy of mine who was living in hong kong at that time, and confirmed a few things.

solid investment........1 1/2 years in the making.

it was amazing run, steady, but nicely handled by the company.

the future is bright.

as you know, feb, and march are the worst times for potash companies, this will fly and challenge POT if the company plays its cards right.

gl

Back then, you couldn't pay people to buy this stock. It was never hyped and it is totally unsexy (fertilizer, really?).

All they had going for them was a real product with real profits. Lame!

Of course, i've made more money here then i've ever made elsewhere...

blitz!

lol, you did beat me out by 11 months....lol

cheers mate

you should check out my google posts....lol

"BC"

it was a magical stock in late 2008, and 2009.

just starting, will out grow POT market cap twds the end of the year.

gl mate

Don't forget who started this board... Ha! GLTA

blitz!

look for a good entry over the next week or so.

typically potash stocks struggle in march.

will see this run prior to the end of april.

i love this stock, since it was a penny stock in november 2008.

gl

Sub $20.00 would be nice

The accounting change that requires recognizing the expense related to the change in the fair value of warrants is killing my stocks (i suffered the same hit this week on CHME).

However, i suppose this is a more transparent method of reporting. And, it should lessen the future impact since the warrants are being expensed as we go instead of in one fell swoop when exercised.

Still long and strong. The numbers are good and CAGC has gone thru rapid expansion of product lines, manufacturing, and distribution.

GLTA.

Blitz!

CAGC..26.9..earnings will be out next wednesday Mar. 31st premarket. This one could move up into that announcement. Chart is primed for a move imo.

P :)

Good luck on that. The new news is much bigger profits than expected. Cramer and First Call should both be em-bare-assed.


Q2 earnings up 266%
This is from a Wall Street On Demand alert I got this morning.

China Agritech Inc announced 2009 second quarter earnings of $0.88 which is $0.72 higher than the prior quarter. This is 266.67% higher than last year's results for the same quarter.

A second alert says First Call is estimating $1.14 EPS for the year. So my guess is that it is very bad timing for First Call, as the .88 for the quarter seems to blow out the $1.14 estimate.

Q2 earnings up 266%
This is from a Wall Street On Demand alert I got this morning.

China Agritech Inc announced 2009 second quarter earnings of $0.88 which is $0.72 higher than the prior quarter. This is 266.67% higher than last year's results for the same quarter.

A second alert says First Call is estimating $1.14 EPS for the year. So my guess is that it is very bad timing for First Call, as the .88 for the quarter seems to blow out the $1.14 estimate.

That is funny...gotta love Cramer!

The graph is WRONG!

thanks for posting, and it's interesting... but did you see the graph?!? They have the chart all wrong so that when CAGC split it dropped in value 50%. Pretty juvenile error for CNBC to make. Makes you wonder if Cramer would have recommended it if he saw it at it's 52-week high and not as a dog...

blitz!

What Cramer thinks...

http://www.cnbc.com/id/35782455

That sucks, but thanks for posting it. Def some good points raised about the ratios and valuation. I'm still holding my remaining shares LONG.

Where did you find this?

blitz!

Chardan Capital Initiates with "Sell" and $16 price target

Volume Growth Coming At Expense Of Margin Erosion. During FY:09, China Agritech expanded its sales of humic acid fertilizers to over 80k metric tons, up from 13k tons in 2008. On the other hand, we suspect that China Agritech's gross margins declined to the mid-20s in Q4:09 from 35.5% in Q3 and 53.3% in Q3:FY07. Concurrently, the company has re-focused its humic-acid (HA) fertilizer business from the high-margin liquid segment to the low- margin granular segment. Granular product accounted for 44.3% of total revenues in Q3:09 vs. 25% in Q3:08.
HA Fertilizer Industry Growing, But Discipline Required. We believe the trend towards farmland consolidation coupled with growing adoption of advanced agricultural methods in China will result in growers increasingly utilizing liquid HA solutions, as part of their overall soil/plant nutrition regimen. However, with these trends still in the early stages, we believe companies that aspire to be volume leaders will increasingly be forced to direct production capacity to lower-end margin formats, such as granular solutions.
Elevated DSOs Limit Revenue Visibility. As of Q3:09, we estimate that China Agritech had an average daily sales outstanding (DSOs) of 157 days. However, we note that DSOs have exceeded 200 days in Q4 during prior years. While we see an opportunity for the company to improve its DSO performance, our sense is that cash flow improvements may be partially offset by supplier pressure on China Agritech to reduce its payment cycle. More importantly, we remain cautious on potential future receivable write-offs in light of China Agritech's current and past DSO levels.
See ~50% Downside Risk In Shares, Excl. Potential Dilution. With shares of China Agritech trading at 38.5x our FY:10 EPS estimate of $0.79, and a premium of 181% to its peer group, we see significant downside risk to shares during the next 12 months. We believe valuation now exceeds the company's current growth profile. In addition, we believe the company may raise additional cash for working capital/expansion purposes through a follow-on offering.
We are initiating on China Agritech with a Sell rating and a 12-month price target of $16/share.

This stock is crazy. I previously dumped about a quarter of my holdings at $18 (actually $36 pre split) and another quarter at $26. I've got so much profit and free trading shares that i figure i'll just sit on the remaining half forever.

Blitz!

Nice job. That secondary got completely blown off. I took my 6 bagger off the table and will be looking to buy on some weakness. Stupid Greekness should help.

As of now...i don't own any shares. The next filing will be a disappointment in my opinion.

PE is also getting to rich.

I totally agree. But that goes for most China small caps. But if you know a stock by heart, better to trade just one.

Scott Imho?This is a great trading stock due to the fundies.Its one that can be accumulated with a zero cost basis if traded at the right times.The daily swings are like money in the bank or free shares in the account if you play them,rather then get played by them.JMHO of course.

It's over for now. I'm out. After the split, subsequent pop, and monstrous shelf, along with the insider warrants at $5, this is now overvalued. I hope it comes back into a proper range, because I love the company. When Carlyle got that deal, I called IR, because I was shocked at how good it was. Well, now that is major overhang. If you add up 6 million shares at the current price for the shelf, 4 million for cheap Carlyle warrants, and the 17 post split, you have 27 million shares!! Take next years NI prediction of 22 million, ( a 50% bump due to a 50% revenue projection bump by the company) and you get a P/E of:

22/27= .81

17/.81= 21

The stock currently has a PE of 21. That is high for an emerging market small cap stock.

China Coal Company with 1.03 projected earnings, Please take a look, highly undervalued.

LLEN,

http://www.redchip.com/visibility/investor.asp?symbol=LLEN

JANUARY 26, 2010 | TARGET PRICE: $13.00 | RATING: BUY

I'm eagerly awaiting tomm's open..I think this will see some interesting moves up and down.However if the market turns to the red?I'll be loading up on this hand over fist and cheap I hope lol

Market correcting and CAGC splitting as of Monday.I went flat @ $30.30 due to market momentum waning and the pundits calling for a 10 to 15% correction.So I figured I can pick up shares cheaper if the correction and split happen together,it seems timing is or was right.

Timing is everything

Closed the week out flat out @ $30.30 yesterday morning shortly after the market opened.Watched all day for the momo to change and it didn't so I sat out until Monday.Given the pundits call for a 10% or better correction?I think cheaper shares are going to be had this week,just gotta be smart when looking for an entry on any stock this week,But of course the company could announce the DOR Monday morning and blow out the day lol with a gap up and run lol.

Going ^^^^^^^^^^^^^^^^ today and imo next week is DOR/date of record for the forward split and boom.Then imo the 10k comes out with a blow out year and its boom boom boom :))

29.01 nice call.

I like the fact we are going to split and then get the 10k shortly there after.Given the profitability of this company and the tiny float even after the split is executed?IMO the run prior to the split will be eclipsed by the run into and after the 10k is reported.
I filled some more later in the day yesterday @ $26.57 and will continue to add on any weakness..

I agree with you, but the post split open will not be $25. Why would it? If it splits today, maybe $15. But, I agree that the big move is imminent. Let's put it this way, 10x their guidance is 26.50, so you could have a move to $40, which is where it was anyway. Not a bad way to make 50% in a month.