Ian Wyatt
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China Green Agriculture attractive after pullback
With the Shanghai index plunging 20.6% last week, some China small-cap stocks are now trading at attractive valuations. One of my favorites is China Green Agriculture (AMEX: CGA).China Green Agriculture is fertilizer company based in Xian, China that has been on the rise. Shares are up 286% year-to-date as investors gobbled up the stock. The most recent financial results, released in May, showed a 99% increase in revenues, and a similarly impressive 133% increase in net income.
Continue reading China Green Agriculture attractive after pullback
Stock offering sinks GSI Commerce
Shares of GSI Commerce (NASDAQ: GSIC), an e-commerce and online marketing services company, fell by over a dollar a share on news of a stock offering priced at $17 per share.
The proposed underwriting of 3.7 million new shares will help the company raise $59 million. Existing shareholders, including Softbank Capital Partners, plan to sell and additional 8.2 million shares for proceeds of $139 million.
GSI Commerce was among the most active small-cap stocks in Thursday's trading. At mid-day, the stock was down 6% on heavy volume of over four million shares, well ahead of the average daily volume of 350,000 shares.
The proposed underwriting of 3.7 million new shares will help the company raise $59 million. Existing shareholders, including Softbank Capital Partners, plan to sell and additional 8.2 million shares for proceeds of $139 million.
GSI Commerce was among the most active small-cap stocks in Thursday's trading. At mid-day, the stock was down 6% on heavy volume of over four million shares, well ahead of the average daily volume of 350,000 shares.
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