The near future will give new opportunities for U.S.-listed Chinese stocks to differentiate themselves from the masses in a positive way. Lately a lot has happened in the China space and short sellers have profited incredibly the last nine months. Thank God things are changing.
Short sellers are looking for a needle in a hay stack and misleading investors with bogus arguments and false facts. Of course, they are sometimes successful in uncovering a fraud. But to claim that almost every U.S.-listed (RTO) stock is a fraud is like saying every single sheep is white.
To me it is still unbelievable that some investigative reporters, tiny boutique firms or anonymous bloggers can have such a huge impact on financial markets. This trend has been going on for a while now and made possible by the internet and other social networks. These types of media are a fact in today’s market. However, they should be used to develop the market and not harm them.
One company that has been hit hard this last year by short sellers, actually went up nicely last Thursday with a gain of more than 28% to close at $4.95.
The company is called China Marine Food Company (CMFO).
The company produces and sells dried seafood snack foods, trades fresh marine catch and sells algae-based beverages. Seafood-based snack foods, which account for about 75% of Company revenues, are similar to beef jerky in the U.S. but are high in protein and low in fat. China Marine has 29 products which are sold under its "Mingxiang" brand through 19 exclusive distributors to 2,900 retail stores which include: Convenience stores, supermarket chains and hyper markets such as Wal-Mart and Carrefour. Hi-Power beverages are sold to more than 10,000 retail points including supermarkets, convenience stores, restaurants and hotels.
The company is strategically located in Fujian province, one of the largest coastal provinces in China and a vital navigation hub between the East China Sea and the South China Sea. Marine Food has received “The Famous Brand” and “Green Food” awards and is committed to marine harvesting versus aquaculture.
Dried fish products have had a long history in China and have played and will continue to play a major role. The relatively new "snack-type" variety of processed seafood products have gained strong acceptance from the current generation of consumers. Processed seafood products are becoming increasingly popular as consumers are shifting to a faster paced lifestyle and seeking convenient food alternatives that are nutritious, tasty and hygienic.
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