Best Small Cap Commodity Stock – Yongye International (YONG)
Picked by: Louis Navellier, editor of Emerging Growth.
Strategy: Small cap growth stocks
Yongye International (YONG) is predominately in the fertilizer businesses, but this is a key commodity stock since it serves the agriculture industry. Yongye sells its products through corporate direct sales and distributor network sales in China, as well as through its network of 2,000 brand stores. YONG expects 2010 annual sales to be between $160 million and $165 million, representing an increase of between 63% and 68% compared with last year’s revenue of $98.1 million. This new revenue guidance is up from the previously issued guidance estimate of $147 million or a 50% increase compared with 2009 sales. This booming agricultural stock is sure to cash in on the commodity boom in China right now.
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