RINO International Corp. (RINO): Zacks Rank Buy
* By Michael Vodicka
* On Thursday July 16, 2009, 1:00 am EDT
Rino international corporation
RINO International Corp. (NasdaqGM: RINO - News) has more than doubled in the last 2 months, fueled by strong demand for the company's products and services as China turns its attention to pollution control.
Company Description
RINO International Corp. designs, manufactures and services industrial pollution control systems for the iron ore and steel industries in China. The company was founded in 2003 and has a market $238 million.
China continues to gain status in the global economic hierarchy, but the country has been plagued by concern over its environmental policies. RINO's pollution control systems play into this dynamic, with its sales growing by leaps and bounds, evidenced by strong first-quarter results, reported on May 16.
First-Quarter Results
Sales were up 87% from last year to $35.6 million. Earnings came in at 50 cents, 11 cents ahead of the one covering analysts estimate.
RINO said that its strong results were driven by sales growth across its three major product lines, indicating revenue diversity.
The company also noted that its balance sheet strengthened considerably, with cash and equivalents up 142% from last year to $47.9 million. Cash flow from operations increased to $27.6 million, up from $3.6 million, primarily due to income expansion.
CEO Talk
President and CEO Zou Dejun noted that the company's growth is tied into the country's goal to protect its natural resources, saying that, 'Our business continues to be driven by a number of fundamental factors all centered around China's desire to ensure that iron and steel manufacturers properly protect the environment, specifically the water and air.'
Estimates Up
In conjunction with the solid quarter, estimates have been on the rise, with the current year adding 13 cents in the last 60 days to $1.80 per share. The next-year estimate is bullish, pegged at $2.14, a 19% growth projection.
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 Reply to pmony - Msg #1695153 - 07/16/2009 15:39
Zacks Releases Four Powerful ''Buy'' Stocks: Perfect World Co., Ltd, Corning Incorporated, RINO International Corp. and Middleby Corporation
* By Abhishek Sarkar
* On Thursday July 16, 2009, 9:34 am EDT
*
Companies:
o Corning inc.
o Rino international corporation
For Immediate Release
Chicago, IL – July 16, 2009 – Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.
The four highlighted picks are: Perfect World Co., Ltd , Corning Incorporated (NYSE: GLW - News), RINO International Corp. (NasdaqGM: RINO - News) and Middleby Corporation .
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Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free at http://at.zacks.com/?id=5607
Zacks #1 Rank Stocks have nearly tripled the S&P 500 since 1988, producing an average annual return of +26%. Performance has been notable even during volatile and down times. For example, during the last bear market, 2000-2002, the market tumbled -37.6% – but Zacks #1 Rank stocks gained +43.8%.
Here is a summary of today's selected stocks that are now highly rated by Zacks: �
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Aggressive Growth – Perfect World Co., Ltd
Perfect World Co., Ltd continues to gain after a great quarter and recently raising guidance.
Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309
Growth & Income – Corning Incorporated (NYSE: GLW - News)
Corning Incorporated just declared a quarterly dividend of 5 cents per share, noting that it is payable September 30 to holders of record on August 31. The company offers an industry-leading dividend yield of 1.3%.
Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310
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Momentum – RINO International Corp. (NasdaqGM: RINO - News)
RINO International Corp. has more than doubled in the last 2 months, fueled by strong demand for the company's products and services as China turns its attention to pollution control.
Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311
Value – Middleby Corporation
Middleby Corporation, which makes equipment for commercial food processing, has surprised on estimates 3 out of the last 4 quarters by an average of 20.96%. The company has a PEG ratio of just 0.63.
Zacks Guide to Value Investing (free!): http://at.zacks.com/?id=4312 |
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